Based on the chart, it appears that there is a bullish trend forming as evidenced by higher highs (HHs) and higher lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. With this in mind, we recommend taking a long trade with a risk/reward ratio of 1:1.
Trade Long
Buy Stop = 90.784
Stop Loss = 90.245
Lot Size = 0.2
Take Profit 1 = 91.335
Take Profit 2 = 91.870
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Trade Long
Buy Stop = 90.784
Stop Loss = 90.245
Lot Size = 0.2
Take Profit 1 = 91.335
Take Profit 2 = 91.870
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
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.