USDCHF on 28 June 2013 did not make any clear trend. It show a sideway movement all day. As usual, divergence trading can give us some nice pips for a divergence scalper like my self. The setup below show a bullish divergence trading on USDCHF M15 time frame on 28 June 2013. About 30 pips are secured.
Price has made two lows (lower low on the chart) but CCI and MACD Histogram shows higher low. It's a bullish divergence and as you see the price move up about 40 pips before it start retrace down again.
Divergence can be profitable for scalper. Keep our eyes on the price and indicators and trade the divergence. No divergence, no trade.
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