ChrisThein
Long

EUR/USD 240 Divergence with a Hammer at a Demand Zone

FX:EURUSD   Euro / U.S. Dollar
There is some divergence on the 240 min chart between price and the RSI . Price rejected the Drop-Base-Rally around 1.0840's. I'm looking to get long at the 50% retracement of the Hammer candle wick at 1.0847 (check your data.) My stops will be just below the swing low at around 1.0830. I have a few targets at each of the swing highs (1.0885, 1.0943, and 1.1060) Good luck trading.
Comment: Targets one and two were hit if you didn't get stopped out.
I would suggest wider stops tho!
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ChrisThein OLIGARCH
That's a good point. My logic was if I get stopped out price would most likely test 1.790's to 1.800. So I'd rather take a small loss and look for another rentry signal, than have a huge stop. Thanks for the feedback
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