There is a bearish cross-over of stoch on Weeklies.
So, trade based on the divergence on dailies may not be a highly rewarding
trade. The price may reach upto the weekly TL, at the max.
In my limited experience, I observe that taking confirmation from a higher TF
is essential for stoch-based trades. Such confirmation will give a high probability set-up.
So, trade based on the divergence on dailies may not be a highly rewarding
trade. The price may reach upto the weekly TL, at the max.
In my limited experience, I observe that taking confirmation from a higher TF
is essential for stoch-based trades. Such confirmation will give a high probability set-up.