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Euro / U.S. Dollar
Long

EURUSD - Technical Analysis [Long Setup]

92
EURUSD

The current trend is bearish but a bullish divergence exists on the RSI indicator. Also, double double-bottom bullish reversal pattern is formed. Let's wait for confirmation. If it breaks lower high then we are in a bullish trend.

Trade Plan
  • Entry Level = 1.10551
  • Stop Loss = 1.10302
  • TP1 = 1.108
  • TP2 = 1.1105
Bountysoul
Chart PatternsdivergencesDouble BottomDouble Top or BottomdowntrenddowtheoryforexsignalforexsignalslongsetupreversalpatternTrend Analysis

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.
Chart PatternsdivergencesDouble BottomDouble Top or BottomdowntrenddowtheoryforexsignalforexsignalslongsetupreversalpatternTrend Analysis
Bountysoul

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.