ADX LULU | Bullish Divergence | Possible Reversal | Trade PlanGood Day Trader!
We observe a Bullish Divergence between the last two Lower Lows. There are three scenarios:
Scenario 1: The bullish divergence will take effect and the price will rise.
Scenario 2: The price can go sideways for consolidation.
Scenario 3: The price may ignore the bullish divergence and continue to drop forming new HL and LL.
We will take positions at the breakout. Accordingly refer to the suggested trade plan.
TRADE PLAN
Buy : 1.39
Stop Loss: 1.09
Take Profit: 1.69
Risk/Reward Ratio: 1.0
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