Lesson 7

Lesson 7

Lesson Attachments

Second chance trade

When we have gspot entry and we went short for few pips and later price goes higher and created a new higher high, but RSI created lower high, we have chance to open another sell position. For buy is opposite. We went long for few pips, but later price created a new lower low, but RSI created new higher low, we have chance to buy.
This is called divergence.

Example for short:
We had gspot entry for 15 pips, but later price went higher and RSI created new lower high.
When we have divergence TP is usually bigger, 20-50 pips or even more.

 

 

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