Tuesday, January 28, 2014

AUSSIE daily chart Stochastic bullish divergence

On daily chart. AUD/USD main trend is still bearish. But big correction started yesterday and continues today with bullish stochastic divergence. Look at the Stochastic with chart's trend line draw and we have to look RSI oversold. So I opened buy positions based on oversold and bullish diivergence. 

Lets look on details: On h4 chart pitchfork median line analysis


M30 chart analysis down trend line is break up strongly and we can see the target

M5 chart today's movements of price actions.

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