EURMXN HIDDEN BEARISH DIVERGENCE
Updated
Hidden bearish divergence appearing on the hourly chart. Placing a Sell Stop under the recent hourly low with a stoploss above the recent trendline high may lead into a trade position that has potential to fill the gap or retest the lows.
this strategy looks to take advantage of hidden divergence reversals and letting this instrument show it is making lower highs and lower lows allowing our order to be filled without chasing price or entering without some form of a reversal sign.
risk for all trades is 2.00% maximum
this particular trade yields a 1:6 risk reward
this strategy looks to take advantage of hidden divergence reversals and letting this instrument show it is making lower highs and lower lows allowing our order to be filled without chasing price or entering without some form of a reversal sign.
risk for all trades is 2.00% maximum
this particular trade yields a 1:6 risk reward
Note
setup invalidated when price created new highs above the trendline.no harm no foul
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