My 15min MACD shows a negative divergence, stochastic Daily and 4hours are in same direction so i will consider a sell from 1.29118 (Agressive) but conservative entry is good at 1.28580, Let us try 50pips move down stoploss should not be more than 100pips.
Enjoy and my chart below:
This blog is created to show market analysis based on our Power Trend Strategy. The strategy was designed with intra-day traders and part-time traders in mind. I will do all it takes to make it simple and explicit as possible. PLEASE REVIEW THE FIRST POST (Risk Warning)! Please enjoy. TRADE ALERT HERE: http://bondfx-tradealert.blogspot.com
Friday, July 23, 2010
Thursday, July 22, 2010
GBPJPY - POSITIVE DIVERGENCE
Today I traded Divergence with the Stochastic on the daily timeframe, I noticed this yesterday, and been waiting for my 4hr and 1hr to fall in place from below the 20level, the 15min chart gave a good entry at the close above my SMAs. The 15min chart MACD also gave good reason to follow the bullish correction. My charts are below:
Wednesday, July 21, 2010
GBPUSD - INTRADAY SELL PRESSURE
The pressure on the Pound to go down is very clear here with the Daily and weekly stochastic pointing down and the 15min bearish divergence, let us consider a SELL from 1.52464 targeting a support at 1.52192 and further down (may be) to 1.52060. Stoploss should not be more than 100pips. Let's watch
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