A nice bullish divergence was developed on USDCHF pair on 17 July 2013. After few days USDCHF made a nice down trend, today I spot a bullish divergence on hourly time frame.
Compare my dotted arrows on the price and on the indicator. The The discrepancy between the price and indicator develop a divergence. Price made lower low but MACD Histogram made a higher low. It's a bullish divergence.
I always use a trendline to help me open my trade. When the price break the trend line, I can open my trade confidently.
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