BULLISH REGULAR DIVERGENCE ON EURUSD
Updated
Hello traders, here is another trading idea. A bullish regular divergence has been spotted on EURUSD H4 chart with price making a lower low while the RSI indicator making a higher low. This suggest that there are less sellers and more bulls in the market, or perhaps the pair is in a corrective phase after a series of downward trend.
Trading recommendation
Entry: 1.08822
SL : 1.08589
TP: 1.09332
R:R:R- 1:22
Trading recommendation
Entry: 1.08822
SL : 1.08589
TP: 1.09332
R:R:R- 1:22
Trade closed: target reached
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