EURUSD 4h Ascending Hidden Bullish Divergence LONG Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Jul 5, 2019 9:05 PM

Cases for a long position.

1. Possible Ascending Broadening Wedge Development which needs to complete final impulse wave

2. Development of new support and resistance and a recent bounce off support

3. Strong hidden bullish divergence with a higher low and an RSI lower low

Entry Zone on bounce of support

SL Zone placed slightly below previous low.

*Not financial advice*

Comments

DACapitalTrading

⋅ Jul 5, 2019 10:18 PM

Great work keep it up and leave us a like as well mate :)

LevRidge

⋅ Jul 5, 2019 9:12 PM

dont do it... bullish entry 1.1148 - your sl will be hit on this..

UnknownUnicorn924366

⋅ Jul 5, 2019 9:22 PM

@LevRidge, We will have to see now :) Just took a look at your most recent chart. Really informative take! Please keep it up!

LevRidge

⋅ Jul 5, 2019 10:10 PM

@TA_Trading, np, want everyone to do well this upcoming week, thanks for your chart too! always makes me think (different points of view)