Simple Bullish Hidden Divergence Forex Strategy
This is a very simple bullish hidden divergence forex strategy.
The indicator used is only Awesome Oscillator (AO).
Referring to the picture, we are looking for buy setup.
Step 1: Look for potential point no.2 of hidden divergence.
Step 2: Mark a Minor Trendline to be broken
Step 3: Wait for a Bullish Solid Candle closed above Minor Trendline. Once closed, buy on market price (my suggestion). Stop Loss level will be below the point no.2 of hidden divergence. You may add some buffer below the level. Target profit level is up to you. You may go for 1:1 (or more) risk reward.
Step 4: If you have your own or current trading strategy, you may add this hidden divergence in your trading strategy.
Step 5: Practice, Practice Practice. As they said, "Practice Makes Perfect"
All the best in your profitable trading in forex!
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