A very clear bullish setup on EURUSD, on 1H timeframe it has broken the trendline and making a Falling wedge with divergence on RSI below 70. When framing the Fib retracement we can see the price would be in the golden area called 0.382. Ticking all our box and making it a potential setup to be traded.
The trade would be:
ENTRY: 1.06324
STOP LOSS: 1.05857
Take Profit: 1.07660.
The trade would be:
ENTRY: 1.06324
STOP LOSS: 1.05857
Take Profit: 1.07660.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.