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HayeTrading
May 18, 2023 5:31 PM

EURUSD RSI Divergence - Bounce incoming? Long

EUR/USDOANDA

Description

Simple idea here,

A) Touched the downward trendline, even if this turns out to be a downward channel this is the bottom of the range.
B) Deeply oversold on RSI ( <20 on both 1H and 2H ),
C) RSI divergence on the 1H

Just targetting a short term pullback here, short term Target 1.083 but potential for a runner up to the 1.09s.
Comments
ProSignalsFx
I agree with you!
HayeTrading
@ProSignalsFx, Nice, trade idea still looking good 👍
linofx1
Similar idea, thanks for sharing
HayeTrading
@linofx1, Glad we're on the same page 👍
Cryptoforexmarket
I agree with lines up with my fibs
HayeTrading
@Cryptoforexmarket, Glad to hear it 👍
HayeTrading
Pullback has begun, cheers
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