Forex Market Analysis – GBPUSDU D1 HIDEN BEARISH DIVERGEN
GU D1 Hiden bearish divergence (LHHH) we see there’s a pattern Regular Low bearish Divergent (black line). Then proceed with the Hiden bearish Divergent (blue line). we believe to be bearish towards the point fibo 78.6% or 100% considering this second diverging including strong diverging.
Our forecast is reinforced by: a. RVI pointing down b. Doji formed long tail at the point fibo 500th as the dot-resistant Regular bearish Divergent Low identified based on 2 criteria: a. Candle lower first peak of the 2d. This formula is called High from High (HH) b. oscillator indicator (in this case RVI / Relative Vigor Index) shows a second peak in parallel.
It’s called Double top formula (DT). Hiden bearish Divergent identified by 2 criteria: a. first Candle higher peaks than 2d. This formula is called Low from High (LH) b. oscillator indicator (in this case RVI / Relative Vigor Index) shows the primary peak is higher than the 2d. this is called formula High from High (HH). so the combination of both of these criteria we call HHDT for diverging 1st and for the second diverging called LHHH.
In Other View Point – High risk / reward trade
Fading the correction of the down trend. Huge risk to reward. 11 – 1 . Risking $100 to win 1100 is good risk management. I might get stopped out, but i only need a few of theese to win som serious money.