EURUSD Bullish Divergence

FX:EURUSD   Euro / US-Dollar
The price bounces from the support zone formed by 1.17200 and 1.17000 levels. Bullish divergence confirms trend reversal. We can expect for further upward movement. Entry level should be above SMA20. It's 1.17750 level. Stop orders must be placed below 1.17000 support level . Profit targets should be at 1.18500 resistance level and the downtrend line.
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very good my dear
very long back i see your analyse...cheers
The possible loss is almost equal to possible profit , is that correct?
+1 Antworten
DLavrov TOP SabriToumi
@SabriToumi, yes, it's correct. If you want to get R/R ratio like 1:2 or 1:3 for example, you will need trades in the direction of the main trend.
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