Awesome Oscillator Divergence in EUR/GBP - Still Waiting

May 06, 2009

This is the update of an earlier post.  I have not yet entered an order yet because the divergence occurred right before the U.S market close and before the Asian market open.  I thought I’d stay on the side line.

After the Germany market opened, the pair broke the previous low and dipped down to 0.8762.  The divergence is still valid.  I think I may enter a buy order at around 0.8765 - 0.8770.  I’ll set the take profit for 50 pips but stop loss for 100.

Update

Awesome Oscillator Divergence Appeared in Euro Pound pair 5/7/09

This entry was posted on Wednesday, May 6th, 2009 at 11:00 pm and is filed under Awesome Oscillator, EUR/GBP. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Awesome Oscillator Divergence in EUR/GBP - Still Waiting”

  1. Simple Forex System Trading » Blog Archive » Awesome Oscillator Divergence in EUR/GBP - Potential Trade said:

    May 06, 09 at 11:00 pm

    […] Update […]

  2. Simple Forex System Trading » Blog Archive » Awesome Oscillator Divergence in EUR/GBP - Trade Closed Success said:

    May 07, 09 at 9:04 pm

    […] finally entered the trade with a buy order at 0.8786.  As I mentioned in the previous post, I set the profit target 50 pips away, at 0.8836, and the stop loss 100 pips away, at 0.8686.  […]

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