10-09-2022_Educational_Divergence Followed by TL BO _ USDCHF H4
That’s a simple Strategy.
1- Look for Divergence near Major levels of Support & Resistance.
2- Draw a Trendline.
3- Wait for the price action to break the Trendline.
4- Wait for a Valid Breakout, meaning after the Breakout from the Trendline, wait for another red candle to close below the
Trendline for a Sell call OR another green candle to close above the Trendline for a BUY call.
5- Continue to ride your trade by identifying Hidden Divergence. Hidden Divergence suggests trend continuation.
6- Reduce exposure OR conclude your trade when there is divergence in the opposite direction.
1- Look for Divergence near Major levels of Support & Resistance.
2- Draw a Trendline.
3- Wait for the price action to break the Trendline.
4- Wait for a Valid Breakout, meaning after the Breakout from the Trendline, wait for another red candle to close below the
Trendline for a Sell call OR another green candle to close above the Trendline for a BUY call.
5- Continue to ride your trade by identifying Hidden Divergence. Hidden Divergence suggests trend continuation.
6- Reduce exposure OR conclude your trade when there is divergence in the opposite direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.