USD shows its power compared to Australian Dollar on 27 June 2013. After making a nice up retracement, now AUDUSD is continuing to fell down. I found a nice trading setup on H1 spotted by a nice hidden divergence on CCI indicator H1 time frame.
As you see above, the price break lower Bollinger Bands and then price retrace. When price hit the SMA 60, the CCI made higher high but the price make lower high. This is a hidden divergence condition. I open my trade when price cannot break the SMA 60. Open SELL position and as you can see the price fall down pretty nice.
A trend line break also good for confirmation. When the price break this trend line, 90 percent (or more) probability the price will continue down.
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