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MichalCervenak

EURUSD Trend Continuation Trade.

Long
Euro / U.S. Dollar (FX:EURUSD)  
MichalCervenak  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators double bottom oversold structure trend analysis
5
0
trendanalysis chartpattern indicator double bottom oversold structure trend analysis
Long TC trade on 60min timeframe with entry on lower timeframe (15m).
Reason for entry: double bottom on 15m timeframe at previous structure with RSI being oversold and RSI divergence.
Take Profit: at retest of resistance structure level.
Stop Loss: 1x ATR below the double bottom.
Looking to take extended targets beyond structure with trailing stops.
We have good risk/reward on this trade.
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