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A cheat sheet is a pattern chart that shows all the emerging patterns and trends of the forex market. This sheet helps the traders to identify different patterns and their uses in the forex market. Today, we are discussing the divergence cheat sheet of the forex market. A divergence cheat sheet is a forex trading sheet which tells about the trend patterns of the divergence in the forex market.
Divergence is a signal of the forex market that occurs in an uptrend when the price action makes a new highest high trend in the forex market while an indicator chart used for trading does not.
Hidden Bullish Divergence PDF
It is the concept of technical analysis that describes whether the price is moving in the opposite direction to the signals of the technical indicators of the forex market. Divergence helps the traders to identify some hidden activities of the forex market as the strength and weakness of the signals that appear on the forex market indicator chart.
it also helps the traders to identify the direction of the entry and exit points because it is not easy to find exact entry and exit points for the forex market but divergence signals help the traders to find out these entry and exit points for the forex market. Two types of divergences occur in the forex market. One of them is regular divergence and the other one is hidden divergence.
Regular Divergence
Regular divergence occurs whenever the price makes a reversal trend on the indicator chart while the price keeps moving in its trend.
Hidden Divergence Indicator MT4
The signals for the regular divergence are always short but the regular divergence always remains in the top signals. In the reversal trend, the price always makes a higher high trend while oscillation always makes lower low trends in the forex market. When the signals of regular divergence are long the regular divergence always remains at the bottom of the indicator chart. The price will make the lowest low trends and the oscillation makes the highest high trends.
Hidden Divergence
Hidden divergence occurs whenever the price follows the current trend on the indicator chart while the price keeps moving in its current trend.
The signals for the hidden divergence are always short but the hidden divergence always remains in the top signals. In the reversal trend, the price always makes a lower low trend while oscillation always makes higher high trends in the forex market.
RSI Divergence Cheat Sheet PDF Download Free
When the signals of hidden divergence are long the hidden divergence always remains at the bottom of the indicator chart. The price will make the highest high trends and the oscillation makes the lowest low trends.
There are many uses of divergence cheat sheet which tells the traders about the divergence trends and signals of the forex market. It helps the traders to identify the bearish bias and bullish bias of the market trend. it also tells about the highest high and lowest low levels of price action as well as oscillation.
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