Long

Euro Bullish Trade iDea

Updated

Hi friends Sharing Euro 4H chart as we can see that after making recent swing lows price tried to change the trend by last swing low is higher from previous swing low so i marked a resistance for going a long side trade in it if price will break resistance and gives a close above a long trade will be initiated in it and can do above mentioned targets, if that resistance will break then automatically last two swing tops also break there and by this process we can consider it is an uptrend resumption by price.

From the bottom i added RSI which is indicating the bullish divergence (during last two lower lows by price RSI made higher lows) formation on provide time frame chart mates.

This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit

Note

I assume that regular hits on resistance making it weak soon we can see a breakout. waiting for day close above resistance now mates if it will happen will update idea accordingly

Note

Yesterday closed above resistance mates which mentioned in update above, Now let's see what it will do

Note

Target Update-:
Target one complete

After breaking resistance for long it came down and followed again a higher low pattern which i mentioned in idea description and on chart too, So now if price will sustain resistance based target one we can see the remaining targets very soon friends.

Note

Taraget Update-:
Target two also complete friends, Target three just just missed. But after this bullish move i assume it will fully complete target three too

Trade closed: target reached

All Targets complete friends

AMIT-RAJAN

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