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Divergenceplay

Hidden bearish divergence spotted on EURUSD, SELL OPPORTUNITYHello traders, welcome back to my divergence trading idea. Today, EURUSD form a Hidden Bearish Divergence on the H4 TF as price had made a Lower High (LH) while the RSI Indicator had made a Higher High indicating price can move further down as the price is in a downtrend. Also on the H4 TF, price rejected the recent high trendline around 1.11203 which could mean more sellers are coming in. A trade entry can be made around 1.10285 with TP placed around 1.08461 and SL around 1.10863. The RRR is 1:3.21 making it a good trade
Short
by babasholajoshua
2
Hidden Bullish Divergence on USDCHF H4 TimeframeFollowing the recent strong bearish movement USDCHF have formed a hidden bullish divergence on the H4 and H1 TF. This might indicate bullish run will soon start. For now, price is testing the recent swing low (HL). If this level should hold, then we expect a break above 0.91221 which will further confirm the bullish run. Our SL is tight, placed at the recent low (0.91492) while our TP is placed around the next resistance (0.92610) giving it a 1:3.8 RR
Long
by babasholajoshua