A false divergence breakout that is followed by a sell divergence. A scalping analysis at smaller TF
Divergence is an indication of a market reversal. However, traders always trapped into a lost trade if the market is entered with a wrong knowledge of the divergence setup. Here is my setup identifying a valid divergence, and identifying a false breakout after a divergence. In this strategy, I will use these indicators: 1. EMA 14: To confirm market direction...