EURUSD: Bullish Hidden Divergence?

Looks like there is a bullish hidden divergence on EUR/USD 4H chart. Have a look guys…


Turns out almost the same result on daily chart as well.

yes , i agree with u . but do we enter today or wait till next week?

well, i have decided to wait till it crosses the pivot/bb mean on Monday or Tuesday next week. some positive data came out from US today so this pair may struggle to reach 1.3096 level today :slight_smile:

I would find it extremely hard to enter a trade on an H1 chart or above on a Friday. If you’re not in the positive by close of market, you will leave your position open over the weekend and anything that may happen over the weekend can change the direction against you, or at least gap down against you a good ways which may stop you out. I would wait until the market opens again after the weekend to see how things looks and analyze again before considering getting into a trade.

@forexpastor, thank you for sharing your stand on this pair with us. There are some events on Monday’s calendar for EURO on early London trading. Let’s see if Euro rides on that news to resume the uptrend. Overall I’m expecting some clarity with possible retracement in NY trading session on Monday or London session on Tuesday.

Update: yesterday in NY session entered long @ 1.30684, TP @ 1.3125 and SL @ 1.30 hit target in NY afternoon. Bagged 56+ pips. Reason of entry BB mean break @ 1.305 area (divergence on daily chart mentioned on the earlier thread gave me extra confidence). For fresh long entries looking at 1.31 and 1.307 area for now.