Wednesday, November 23, 2016

Hidden Divergence Trading Strategy AUDUSD

The Aussie is about ready for a short entry.

AUDUSD 4 hour Chart
 The pair has already turned south and the divergences are very clear.

Note that the Kijun Sen and Tenkan Sen have crossed indicating an entry, however, I am a bit cautious at this point.

I would wait wait until the PPO (lowest chart) crosses to get confirmation.

The price of iron ore has increased substantially in the past couple days which boosted the currency, however the rise and strength of the US Dollar has offset that, hence my caution.

Video about Hidden Divergence

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