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ChrisThein

EUR/USD 240 Divergence with a Hammer at a Demand Zone

Long
Euro / U.S. Dollar (FX:EURUSD)  
ChrisThein Updated   
FX:EURUSD   Euro / U.S. Dollar
Bullish Patterns 240min Hammer drop-base-rally Demand Zone EURUSD
6
2
bullish 240min hammer drop-base-rally demandzone eurusd
There is some divergence on the 240 min chart between price and the RSI. Price rejected the Drop-Base-Rally around 1.0840's. I'm looking to get long at the 50% retracement of the Hammer candle wick at 1.0847 (check your data.) My stops will be just below the swing low at around 1.0830. I have a few targets at each of the swing highs (1.0885, 1.0943, and 1.1060) Good luck trading.
Comment:
Targets one and two were hit if you didn't get stopped out.
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