I found a bearish divergence on AUDUSD pair 9 July 2013 on H1 time frame. AUDUSD has made a bullish journey for the whole day. I think this signal is good to be taken with 50 pips target. Here is the setup
See the higher high which is not confirmed by MACD Histogram and CCI indicators. This bearish divergence is supported by the the previous resistant. I hope this setup will provide me some pips. I do not use stop loss (not recommended). I will post my trading result tomorrow.
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