Trendlines and Divergence Strategies - page 4
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Targets
Targets would be 1.2026 and then 1.2040.
RSI TL Break
The TL break on RSI commenced a trend continuation, targets are the same as in last post. If you are not in the trade a wait for a retrace to around the 1.1973 area would be a good entry long. 15m/5m time frames will help in timing that entry.
Trailed Out
The first position was trailed out for 83 pips and the other one is in profit for the 1.2040 target.
2nd trade
Closed with stop loss at 1.2025 for 85 Pips for a total of 168. Should be enough for the night.
Trend is Long EURUSD.
Counter_trend Divergence
I don't do much of counter trend trading but if you do you can attempt small trades of say 10 pips. If the trend is long attempt shorts when a new high is formed but CCI/RSI/W% makes a lower low as shown in the chart.
2nd counter trend
This shows another countertrend trade which should be exited now since the target of 1.1981 was not achieved for a profit of 30+ pips.
Bounce and TL Break
W% showed a bounce which saw me take this trade at 1.1981 now 32 pips in profit. London session though will be more interesting as we will likely see a TL break. Will update.
Reverse Divergence-Buy
The trade also confirmed by reverse divergence on CCI for a long trade.
Zero Line with TL break
The 2 combined give a strong signal. Buy signal.
Targets
1.2062, 1.2084,1.2118/22