TradingView
csohrab
Jan 23, 2020 2:36 PM

EURUSD Long Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD has created divergence on the 4HR timeframe and has just completed it's new low. If you have been following me I have stated this before that when price is going to change direction it will create a new low before reversing to the upside. (or vice versa if it is going to drop, it will create a higher high before reversing). In this case we have strong reason to take a long entry with stop below the low (yellow circle). First TP at the 50% & Second TP at the downward sloping trendline confluent with the 61.8%. I am not a financial advisor. This is not financial advise. This is for educational purposes only.
Comments
transparent-fx
I will be quite interesting pair to follow, my TA
More