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chamane replied Jan 24, 2021AUDNZD Daily. Still early, but price is at a significant Fib level while a HD pattern is under development. Waiting for a reversal sign on the 4 HR chart.
Hidden divergence
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chamane replied Jan 16, 2021If we look at the USD index showing bullish Regular Divergence patterns on the same consecutive timeframes, we have a mirror of the EURO. EURUSD will likely go south in the short term. But we'll see in the next few days.
Hidden divergence
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chamane replied Jan 16, 2021Actually, the situation can by applied to the EUR currency.
Hidden divergence
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chamane replied Jan 16, 2021Here is an example of bearish Regular Divergence patterns on two consecutive timeframes. I couldn't help myself not showing it. It could be the start of a great move downwards. But only time will tell.
Hidden divergence
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chamane replied Jan 14, 2021A bullish HD pattern on NZDUSD Daily chart. Waiting for price to cross that resistance level on the 4 HR chart.
Hidden divergence
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chamane replied Jan 5, 2021Hi RayV, In my opinion, both setups were good. For no particular reason, I entered on NZDCAD but not on NZDUSD. Price reversed on NZDUSD and that's part of losses we should accept, as long as they are less than 2% of our account. This is when I like ...
Hidden divergence
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chamane replied Jan 4, 2021Hi RayV, I enter at the close of a candle when price crosses a trendline or when MACD crosses the zero line on the next lower timeframe, the latter being my favorite. Usually the MACD zero line cross comes after the break of a trendline, but not ...
Hidden divergence
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chamane replied Jan 4, 2021Hi Ah-Ong, We should follow where price is going. The higher timeframe is stronger than the lower ones, but we need confirmation convergence signals before entering a trade. The Daily chart shows signs of a bearish regular divergence, but we need ...
Hidden divergence
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chamane replied Jan 2, 2021Another look at Gold, a bigger picture. A bullish HD pattern on the Monthly chart and a bullish RD pattern on the Weekly. A MACD zero line cross will be a signal for me to start taking trades on the 4HR chart.
Hidden divergence
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chamane replied Dec 30, 2020We have to beware of the resistance zone. I would wait to see if price wants to break the trendline.
Hidden divergence
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chamane replied Dec 29, 2020That is useful especially with divergence patterns. Entry points are not that obvious.
Hidden divergence