Divergence NZD/USD 5M bar works also

Trading Discussion Currencies
1

Another proove for the reliability for divergence patterns-
(i detected one yesterday on CAD/JPY 5M bar as well)

i spotted this pattern on the 5M bar, and you also see a strong support zone as well (marked grey). This pushed up the odds for a successfull at least 2 Pip scalp-upmove and i entered the shop.

Some minutes later i got my bucks and dashed out of the scene…:rofl:

Such ocassions happen at least 5-10 times a day- i think that also answers the question if 10 pips a day with high accuracy are possible or not…:man_student:

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2

Nice find! I usually watch the 15 and 1hr for divergence, but if the 5 min works no argument here.

Divergence is one of the most reliable “indicators” in forex, and my favorite by far. Look for the “M” tops and “W” bottoms. :blush:

3

You are right- those formations and also clasical head-shoulder are astonishing accurate :moneybag: