GBPUSD HILO Trading with CCI Divergence 100 pips

Gbpusd_10_min_27_10_2010

GBPUSD HILO Trading with CCI Divergence makes life easier

You can see the market slow down just looking at price action
the lower lows are smaller, CCI is in divergence
Momentum is gettin less, starting to curve upwards

Combine that with the close of the 8.30AM GMT open range Bar and a failuire to push past 5750
a pullback to the FXAMX MAX, the trend being upward based on the FXAMX MAX this is a pullback and trend continutation setup

Entry on the renko 5765 to get in with the stop below the low and keep it small.
Exit at the high 5866 100PIPS

This chart was created by NinjaTrader. NinjaTrader is a FREE application for advanced charting, market analytics, automated strategy development and trade simulation. Download it now at www.ninjatrader.com