Bullish RSI Divergence
Looking to enter long trade at 1.2270 for small gain initially. Positive divergence appears on the 4H chart. Also price break out from the small downward trend channel.
I expect this to test lower trendline of the wedge at 1.3300 and maybe even run higher to 1.2500 to test higher trend line as well.
Trade parameters:
Entry: 1.2265
TP: 1.2330 & 1.2500
SL: 1.2235
I expect this to test lower trendline of the wedge at 1.3300 and maybe even run higher to 1.2500 to test higher trend line as well.
Trade parameters:
Entry: 1.2265
TP: 1.2330 & 1.2500
SL: 1.2235
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.