Divergent Box trade idea on $AUDJPY

Divergent Box trade idea on $AUDJPY

Continuing the divergence theme, we are looking for a bounce out of this support area on the $AUDJPY. If price makes a lower low in the Box, but the multi time frame stochastic indicator makes a higher low (ie we see divergence) then on a valid exit from the Box, a long trade will be taken. Profit Lock is set to 10 pips once 40 have been made. No divergence – no trade!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s