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:
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