Trend Lines/EURUSD
Homework for this chart is to Identify Trendlines. This chart represents the upward trend with Bullish Divergence indicating a Buy (Set you SL at the 2nd highest point and you TP at the hight point between the 2). However setting the Trendline showing the retest and break now Indicates a Sell. You now have new trendlines to determine your new SL and TP on a Downward Trend with a confirmation of a Hidden Bearish indicating a continuation of a Sell. Please feel free to comment with constructive feedback. Thanks Happy Trading.
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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.