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babasholajoshua

Hidden Bullish Divergence on USDCHF H4 Timeframe

Long
U.S. Dollar / Swiss Franc (EASYMARKETS:USDCHF)  
babasholajoshua Updated   
EASYMARKETS:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Beyond Technical Analysis USDCHF Hidden Bullish RSI Divergence Divergence divergencetrading divergencedetection divergenceplay
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trendanalysis beyondta usdchf hiddenbullishrsidivergence divergence divergencetrading divergencedetection divergenceplay
Following the recent strong bearish movement USDCHF have formed a hidden bullish divergence on the H4 and H1 TF. This might indicate bullish run will soon start. For now, price is testing the recent swing low (HL). If this level should hold, then we expect a break above 0.91221 which will further confirm the bullish run. Our SL is tight, placed at the recent low (0.91492) while our TP is placed around the next resistance (0.92610) giving it a 1:3.8 RR
Order cancelled:
The HL has been broken making this trade invalid
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