as i have analysed the EURUSD in Persian language so i am keeping a Snapshot of the same analysis and position complementary to it so in future we can return back and check the upcoming results and its accuracy...
this position is based on Daily Time frame Divergence with and CPR signaling, candle stick patterns...
i have used Camarila and and Projection for Stop-lose and Take-profit points definitions
it is almost a 2:1 ratio position
please consider the exact prices if you are opening the same position
keep in mind to manage and trill you SL in order to minimize your risk and manage your position
please kindly comment your opinions for me
i have updated this idea based on today's market move
hidden divergence with MACD
Bearish trend continuation
Triangle formation and lower band break through
past Support turning to Resistance
thanks for sharing your idea with me. you are absolutely right in my opinion about 1.1797 support but i believe this support has already been tested and fake broke even many times in past but if we look ate the previews tests, we can see that, if it can not be broken instantly then we are facing a renege but chances are much higher to break it rather than bonce from it and continue its bullish trend as we have seen a regular negative divergence in higher time frames on the past bullish trend so we can be optimistic about its breakage and pass trough it. it may take time but ultimately it shall be broken.
keeping a TP at it will not give us a proper RR ratios so it is better to be optimistic on its breakthrough and wait for 120 pips target...
Which shall get hit by end of the day...
Best of luck.
Also due high negative Correlation Between EU and UJ, The same time I went short base on VP analysis and also knowing correlation.