Divergence trading is a profitable setup but we need another confirmation such as trendline breakout or reversal candlestick pattern. But most of my trades are based on divergence with trendline breakout.
Few minutes ago, I found a nice divergence on EURJPY M15. Price make lower low but CCI show higher low. Then I connect the previous highs with a trendline. When price break the trendline I go LONG as you can see on the picture above the price climbing up nicely. Always place your stop loss on the previous low when buy and previous high when sell.
Enjoy trading.
0 comments:
Post a Comment