EUR/USD Potential long trade setup (4H)
Updated
I am looking a long opportunity on EUR/USD.
There is a clear bullish RSI divergence found and suggesting me potential upside,
My entry is placed at 1.10218,
Targeting 1.11631 (TP-1) and 1.13100 (TP-2)
Stop loss set at 1.08778.
The risk to reward ratio is favorable and i am expecting a bounce from current levels.
i will wait for price action confirmation before entering following the trend reversal signs from divergence.
Best of Luck
There is a clear bullish RSI divergence found and suggesting me potential upside,
My entry is placed at 1.10218,
Targeting 1.11631 (TP-1) and 1.13100 (TP-2)
Stop loss set at 1.08778.
The risk to reward ratio is favorable and i am expecting a bounce from current levels.
i will wait for price action confirmation before entering following the trend reversal signs from divergence.
Best of Luck
Order cancelled
Update: Trade Idea Invalidated
The pending order at 1.10218 was not triggered as the price moved directly toward the stop loss level at 1.08778
Since the trade was not executed, the setup is now invalidated and we won’t be pursuing this trade further
The market didn’t confirm the bullish divergence as expected. Let’s wait for a new opportunity or watch for potential reversal patterns around the next support zone, thanks
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