This is a trade that I am currently running in cable short.
3 positions now in this trade but with CPI figures due at 0930 I am aware that I am going to have to reduce my risk and will scale out half of my first full position in the next few minutes. 2 positions are risk free right now just the 3rd small position running a small risk.
MACD divergence trades are quite risky as it is counter trend and it’s always safer to ‘go with the flow’ therefore it is vitally important to ensure that you have more than just the five minute timeframe on your side. As you will notice I check the daily and 4 hour charts are talking the same language.
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