The price and 2 indicators MACD, RSI formed the divergence. ADX falls and shows that bears have no power for moving the price lower. The entry level is 1.3912, Stop Loss 1.3715 with Targets 1.4138 and 1.4520, if price breaks MA50.
Trade geschlossen: Stop wurde erreicht:
Divergence is a very strong signal for trend reversal, still we have to work againt the main direction of the market. And there are a lot of such trades like this, if we have good Risk/Reward Ratio, we'll be in profit in long term.
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