Bearish hidden divergence trading on GBPUSD 27 February 2014

I found a nice setup on GBPUSD 27 February 2013 on H1 timeframe. This trade setup is based on Hidden Divergence signal. See how this hidden divergence works below

gbpusd-hidden divergence

See how GBPUSD has made a lower high and the stochastic show a higher high. This condition is called as bearish hidden divergence. I usually draw a trendline connecting lows before opening a SELL trade. See how GBPUSD made a nice downward movement after the trendline breakout. I got about 50 pips in this single trade.


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