I didn't took this trade because i saw it later on when the r/r wasn't appropriate for trading
So my divergence set up occurred again in the 4H time frame and has been confirmed in the 2H time frame and the 5 min
So my divergence set up occurred again in the 4H time frame and has been confirmed in the 2H time frame and the 5 min
评论:
Two set ups occurred in the 5min
In the first set up we have Fib extension confluence and a second retest with divergences
In the second only the 1.618 extension and a slight offset rsi divergence... Still highly probable set up because as you can see the rsi was in oversold conditions when the price was at higher levels than the second leg
In the first set up we have Fib extension confluence and a second retest with divergences
In the second only the 1.618 extension and a slight offset rsi divergence... Still highly probable set up because as you can see the rsi was in oversold conditions when the price was at higher levels than the second leg
When the second LLC or even close candle form AND and RSI divergence occure AND at this particular second candle RSI diverge within the 19-20 limit AND MACD (blue line) has a positive or neutral direction
AND those conditions meet in both of those time frames the 4H AND 2H
THEN...! We are looking for an entry in the lower time frames like the 5 min