Posts Tagged ‘Divergence’
AUDUSD is giving a price and AO divergence setup on Daily chart.
Entry – 0.9200 Stop Loss – 0.9400, First Target – 0.9050, Second Target – 0.8850. I am going to trail this trade by 130 pips after the first target is hit.
Update - AUDUSD came within 10 pips of our first profit target. our SL was hit around the close of business Friday and out of the trade with 50 pips of profit in each position. I am expecting to see an re-entry sometime early next week.
Short opportunity in USDCAD this week.
This Trade setup triggered last night, currently in profit, waiting for first target to hit so I can move stop loss to break even.
TP1 hit banked my pips. Hope some of you did too. Moved stop loss to break even. Now it doesn’t matter on the outcome of this trade. It is RISK FREE.
End of this trade made 50 pips in first position. Second position closed at break even.