- Bullish Divergence on H4
- Looks similar to price action back on early October
- I like how EURUSD has been retracing on a 28 degrees angle
- I like going long to 1.255 & maybe 1.261 IF price crosses above the current minor support level, come back for a re-test then I will issue the buy order.
- SL 10 pips below the lows or on a break of the trendline. SL can be trailed if you wish since this is a counter trend trade
** Price currently at a minor resistance area (previous support). If price penetrates this level, I think 1.255 is an easy target --- This is very important
- Looks similar to price action back on early October
- I like how EURUSD has been retracing on a 28 degrees angle
- I like going long to 1.255 & maybe 1.261 IF price crosses above the current minor support level, come back for a re-test then I will issue the buy order.
- SL 10 pips below the lows or on a break of the trendline. SL can be trailed if you wish since this is a counter trend trade
** Price currently at a minor resistance area (previous support). If price penetrates this level, I think 1.255 is an easy target --- This is very important