
Hi Everybody,
Here is a great example of what I mean by using the “manual” DP’s on FOREX charts. Can you see how the recent rally on this 60min GBPUSD chart started right from DP support, and has now just reached the “opposing” DP as an initial target.
Notice the triple divergence on the Stochastic as well adding weight to the low at DP support.
Thanks, Steve
Here is a great example of what I mean by using the “manual” DP’s on FOREX charts. Can you see how the recent rally on this 60min GBPUSD chart started right from DP support, and has now just reached the “opposing” DP as an initial target.
Notice the triple divergence on the Stochastic as well adding weight to the low at DP support.
Thanks, Steve