EURUSD last week was showing a strong upwards movement at the beginning of the week, a strong support was found at the 1.2310 region and thus EURUSD managed to rise again at the beginning of this week (16/4/2018). However, a quite stop at 1.2410 region and EURUSD start to move sideways by then, a strong indication of buying power had been consumed.
With the following details that I've noticed in H4 chart as below:
1. Divergence at MACD & OsMA.
2. Volatile trend.
3. Short Term Resistance near 1.2360 + Supply ZONE.
At last, I'm gonna hold this trade for no more than 2 days with trail stop by around 40 pips.
With the following details that I've noticed in H4 chart as below:
1. Divergence at MACD & OsMA.
2. Volatile trend.
3. Short Term Resistance near 1.2360 + Supply ZONE.
At last, I'm gonna hold this trade for no more than 2 days with trail stop by around 40 pips.
Trade active:
Order triggered and move SL to BE. 40 pips in hand now!
Trade closed manually:
Closed at 40++ pips.
