EURUSD
The chart is well explanatory on its own, let me just clarify to prevent confusion and uncertainty
Denoted Terms:
1. Key support level (Lower rectangle)
2. Entry level :- Horizontal green line
3. Near resistance/support (Upper rectangle)
4. Take profit levels:- Horizontal blue and purple line
The indicator used :- Relative Strength Index (RSI)
1. From the indicator+chart analysis, there is a bullish divergence there, which clearly we can see its sitting on the key support level
2. Dynamic Support and Resistance (EMAs):- There is a tendency the 10 (yellow color) & 20-PERIOD (blue colour) EMAs become dynamic support after a close price on the entry level i denoted, followed by a confirmaton candle
Also on 4hr timeframe, trading 50% fibonacci retracement, see that below
Trade Setup
Trade Type: Buy
Entry : 1.17550 - 1.17650
T.p 1:- 1.18465 (91 pip in profit)
T.p 2:- 1.19060 (150 pips in profit)
Stop loss price:- 1.16930 (62 pips in loss)
RRR :- 1 : 2.5
Like and comment what you think on this... Let's trade and win together.
Happy trading CryptoKings!!!
Trade active
Trade closed: target reached:
TP 1&2 had been taken... close profit with 91 pips and 150 pips
