Tuesday, March 7, 2017

SMT Divergence?

As you can see, the eurusd has failed to make a lower low.  However, it has also failed to create a higher high.
The idea chart above, is a possible Smart Money Trade divergence.  As you can see, the gbpusd is moving lower while the eurusd is being accumulated.  It is possible that we might be forming a low in the eurusd.

If not, then the lows near 1.0495 and 1.0350 might be targets.

In my previous post, I mention 1.0530 and 1.0560 as possible trade ideas.  It might still be the case.

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