Quotes

Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius

Followers

Search This Blog

Monday, February 22, 2010

Divergence continued..

Looking at AUDUSD again.. click for previous divergences post

AND NOW:

 

We can see RSI starting to turn down whilst price has more or less matched the previous high, setting up a NEGATIVE DIVERGENCE.  Short with a stop just above the recent high 9045, and look to cover half at the up trend line...a break of that and may see much lower levels.

No comments:

Post a Comment

Total Pageviews