EURGBP Buy Idea After Bullish ConvergenceD1 - Price is bouncing higher from a strong support zone where the psychological 0.85 level coincides.
Bullish divergence.
No opposite signs.
H4 - Bullish trend pattern followed by a correction.
Bullish convergence.
Until both the strong support zones hold my view remains bullish here.
Bullishdiverence
Classic bullish DivergenceSTML has formed a classic bullish divergence in which the price is making lower lows while the oscillator associated (in this case the RSI) is making higher lows. Another 'hidden' version of this exists and i am doing my best to try find an example of this.
AUDCAD Buy IdeaD1 - Triple cycle down, price reached a critical zone, potential bullish divergence.
H1 - Triple cycle down, price reached the critical zone and is moving higher, bullish divergence.
If the price moves higher and breaks above the high shown in the chart we may then look for pullbacks and buys with more bullish evidences.
Invalidation: This buy setup is valid until the low shown in the chart holds.