Above we can see the daily chart of the eur/usd currency pair. Stoploss (SL) and target prices (TP's) are on the chart.
I predict we will swing towards the top of the channel that formed on the daily/weekly. We see upwards movement on the diagonal support line and also rsi-divergence on the daily which indicates a turn of direction. We will face some resistances at given target prices where i will look to close some of my position.
I am new to the forex market, so like if you enjoy and please comment your ideas below!
! This is not financial advise and for entertainment purposes only. !
I predict we will swing towards the top of the channel that formed on the daily/weekly. We see upwards movement on the diagonal support line and also rsi-divergence on the daily which indicates a turn of direction. We will face some resistances at given target prices where i will look to close some of my position.
I am new to the forex market, so like if you enjoy and please comment your ideas below!
! This is not financial advise and for entertainment purposes only. !