NZDUSD has made a down trend since 19 June 2013 but I could not get into the trade and follow the down trend. But on 20 June 2013, I still see a chance to get into the trade by spotting a nice hidden divergence on my CCI indicator. Since I am a scalper, I only take few pips for all my trades. Scalping with CCI divergence is a fun.
Hidden divergence rule on down trend:
Price made lower high but the indicator (CCI) made higher high.
How to trade it:
Draw a trendline connecting lows on the retracement bars. See the full white line on the chart above. When the price break this trendline, we go short.
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