Long Trade Based on Divergence
Updated
We have bullish divergence form by MACD and RSI. Price bounced from the support level 1.09500 and gave a signal for a buy trade. ADX starts falling and it means that that we don't have a strong down movement. Entry level is 1.09970, stop order should be place below 1.09450 and profit target will be MA100.
Trade closed: target reached
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