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Let’s apply a look at a typical golden cross formation. (For more, see Trading Divergences in Forex.) In Compute 1, we have a 15-minute chart of the EUR/USD currency pair. After a brisk decline from 1.4870, the currency tested 1.4760 – key support at that in good time (left side of the chart).
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Let's take a look at a typical golden cross formation. (For more, see Trading Divergences in Forex.) In Figure 1, we have a 15-minute chart of the EUR/USD currency pair. After a rapid decline from 1.4870, the currency tested 1.4760 - key support at that time (left side of the chart).