arco,
How did you see the position at NZ06:30 8th Oct?
1. Breached the three previous minor highs of 24+ hours
2. MACD divergence if you believe in such things
arco,
How did you see the position at NZ06:30 8th Oct?
1. Breached the three previous minor highs of 24+ hours
2. MACD divergence if you believe in such things
Morning Loofa
As per my previous post, PA had been indicating continued northbound movement, which I had been predicting for 6/7 days. (H&S test)
The 0630 candle started to set up another Ichi long signal on the 30m TF, and a position could have been taken or pyramided circa 1.5980 for a max gain of circa 140 pips.
Divergences can be powerful indicators, although like everything, they are not foolproof. In this case I have just checked and MacD certainly gave a good signal although I dont personally use it.
Just reviewing the H4 and presently the PA may be forming a DCC at the Kumo top edge with Chikou baulking at the bottom edge. The bold purple line is the H&S line
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