Pair has started publishing HH and HL on 1 hour time frame secondly the major resistance zone is far ahead no such divergence on any time frame major points in favor of bulls , 2 trade plans Buy at CMP . 2nd entry buy at 0.38 Fib level 1.11093 SL 1.10850 TP 1 1.11632 TP 2- open P.S manage your R:R ratio
Entry at Buy stop - 1.65798 Stop loss at 1.63950 TP 1 = 1.67615 TP 2 OPEN , ride the trend Bullish indicators 1- Inverse head and shoulders in accumulation phase 2 Bullish divergence 3. Break of trend 4. Bullish trend in daily time frame 5. Big resistance ahead if it breaks it probably going in Bullish direction
EURAUD has been trending in a bullish channel for quite some time now, points favoring bulls : Series of Higher Highs and Higher Lows. Bullish Trend in daily and weekly. Divergence occurred at 1 hour and 4 hour , which btw has played out, and helped in retracement of the pair. My plan is to go long on this Entry at CMP : 1.65565 SL 1.64350 (below an imp...
Bias for bullish 1. 1 HR divergence 2. AB=CD pattern in play 3. sentiment bullish 4- Major support zone Entry at Buy stop :0.57585 Stop loss 0.57251 TP 1 : 0.57882 TP 2 0.58199