Tornado_Trading

INTU Long, bullish divergence 4H / 1D

Long
NASDAQ:INTU   Intuit Inc.
See trade details in the chart.


I see there is a bullish divergence on the daiily and on the 4H chart. Weekly is still bearish, but in the bearishness I do expect the uptick as shown in the chart. It won't be a complete reversal per se, and and I more expect to get out at the bottom of the target zone, which will still be a 1:1.7 R/R ratio.

Stoploss is set on 2 ATR levels below, on the midterm.
Comment:
Stoploss killer to 250.

That's why you have to put it a bit lower, below the human friendly rounded numbers. But yeah, that was close.

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