During the Sunday Evening Forex Breakdown, on the EURUSD a bullish move was identified with the TradersHelpDesk indicators. Why? Because the markets were showing Stochastics divergence on both the daily and the 360 minute chart (which may roll into the weekly for an even stronger pullback)
These trading tools identifies oversold status on the 360 minute, as well. This confirmed the potential upward move. However, traders needed to wait for an additional bullish candlestick to confirm.
Entering with the TradersHelpDesk Indicators
If traders had the tools that we use, three entries on the 60 minute have been identified, as shown in the video below. Price moved up, then retraced back down to the ATR (plus sign on the chart). Each time after the retracements (move down to the ATR), a bullish bar developed indicating an entry to the upside.
The first entry on April 28th at 6pm New York time, had hidden divergence. The second and third entry did not have any type of divergence and the Stochastic simply confirmed that price was making higher lows in harmony with the Stochastic.
Sunday Evening Forex Breakdown
The TradersHelpDesk indicators are available for Multicharts, NinjaTrader, TradeStation and TradingView.