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.
Simple Forex System Trading » Blog Archive » Awesome Oscillator Divergence in EUR/GBP - Potential Trade said:
May 06, 09 at 11:00 pm[...] Update [...]
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. [...]