Dear Friends, on 15-min chart we can see bullish divergence both on RSI and MACD. Therefore the market is telling us the price is more likely to bounce higher temporarily than it is to go further down. Therefore with 2:1 risk & reward ratio we can make a profitable trade.
buy at 42200€
stop at 41400€
profit target at 44000€
r & r 2:1
buy at 42200€
stop at 41400€
profit target at 44000€
r & r 2:1
Trade closed: stop reached