AUDUSD 15min divergence
Divergence spotted for the soon to be expected trend change into upward movement.
It's very likely this will happen within several minutes.
We will get confirmation from either a doji or afterwards when the MACD crosses the zeroline.
It's very likely this will happen within several minutes.
We will get confirmation from either a doji or afterwards when the MACD crosses the zeroline.
Dagangan ditutup: sasaran tercapai:
172 pips up, MACD crossed over and price is beginning to drop in sync with both MACD and RSI indicators. This was a nice short-term trade.
Note to self: earlier entry on the divergence may have been possible, but I was not confident enough because I lack skills in spotting trend reversals just yet. I may need to zoom in on the 1M timeframe to spot the doji there since it was clearly visible @ around 15:13 (local).
Note to self: earlier entry on the divergence may have been possible, but I was not confident enough because I lack skills in spotting trend reversals just yet. I may need to zoom in on the 1M timeframe to spot the doji there since it was clearly visible @ around 15:13 (local).
