Momentum Divergence with Support and Resistance signal

[kenorb]

In this Momentum strategy, we will first wait for price to approach a key S/R level based on the higher timeframe. Then, we want to watch the price action closely and wait to see if a divergence pattern forms near the S/R level. Once we confirm the divergence between the Momentum Oscillator and price has occurred, then we will consider that a potential trade setup is progressing. Our actual entry signal will occur on Momentum Indicator crossover.

Refs: https://forextraininggroup.com/understanding-trading-momentum-indicator/