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How To trade Divergence in a high Time frame Daily or Weekly , When a Price make a pullback from a Major Level, you should wait a re test for a second times on law time frame if you see that trend on chart is up and on indicator is down that's mean a divergence you should place your First TP on the first Support on law time frame.and finaly you need to place your Stop Loss above 20 PIPS the higher Price Newt Time i will explain, how to place TP2 and TP3 using another indicator
Short
by winerstep
1
EURGBP 500+ Pip Opportunity - 25/7/16SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8319 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.8404 Support at the level of 0.8319. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Likes and comments appreciated guys, thank you for all your continued support! www.tradingsignalreviews.com
Short
by TheBanker
5