EURPLN is technically on a new up trend
LONG - EURPLN
SL: 4.24797 (Suggested by our algorithmic system)
TP: 4.31189
Reasons behind this idea:
1. Price broke through resistance trendline
2. RSI & MACD indicator is showing bullish divergence
Caution: Important economic reports are due on November 15th.
---------- Chart Drawings ----------
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit
Green Arrow: Bullish Divergence
Trade idea from our mobile app: ibb.co/SXXcMv6
Please trade responsibly and good luck!
SL: 4.24797 (Suggested by our algorithmic system)
TP: 4.31189
Reasons behind this idea:
1. Price broke through resistance trendline
2. RSI & MACD indicator is showing bullish divergence
Caution: Important economic reports are due on November 15th.
---------- Chart Drawings ----------
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit
Green Arrow: Bullish Divergence
Trade idea from our mobile app: ibb.co/SXXcMv6
Please trade responsibly and good luck!
Trade closed manually
Our app has prematurely closed the trade early at 8.20am 13 November AUS Sydney Time. Close price: 4.27989 Screenshot: ibb.co/N3GhYCZ
Our app doesn't always close trades prematurely, here is a good example of trailing stops to let the profit run.
Screenshot: ibb.co/f9xxLSN
It is an art of balancing your risk (stop loss) management to protect yourself from losses but also to not cut your profits too short. :)
Note
Trend reversal is confirmed.Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.