I love to write and learn about divergence on this blog. Here I want to show another example of CCI divergence with trend line breakout confirmation on NZDUSD 28 June 2013. I always use a trend line break confirmation to open and trade a divergence. And the following chart will explain how to trade CCI divergence.
Compare recent lows with the CCI. On a bullish divergence as above, price have to make 2 significant lows (lower low) and the CCI must show higher low. Then, draw a trend line connecting peaks as above. When the price move and break this trend line, open BUY position.
0 comments:
Post a Comment