EURUSD High resistance level reached, Bullish Divergency 4h LONG

This idea is based on a doublle bottom pattern which can be seen when the price reached the bottom of the resistance level as indicated. We can see bullish divergency has formed and with a lot of energy we might see the price moving up, safe entry once the trend line is crossed, s/l below the reversal 4h candle with T/P measured with Fibonacci

Please remember this is just an idea not a trading advise! Protect your capital with Stop Loss that you can take on without loosing your mind :D

Kommentar:

we can see EUR is slowly picking up but until the trend line is broken I wouldn't advise opening any position yet. Once the trend line is crossed and ideally confirmed a position with a s/l below the lowest candle to protect the capital would be fine (this is not a trading advise!)

Trade geschlossen: Ziel wurde erreicht:

t/p 1 and t/p 2 reached