NZDUSD - Bullish Divergence - 1 hour time frame
Based on my analysis using the RSI Indicator, a bullish divergence has been identified, indicating a potential uptrend. I recommend taking a long trade with a 1:1 risk/reward ratio.
To enter the trade, I suggest placing a buy stop order at .62255 with a stop loss at 0.61621. The lot size for this trade should be 0.13.
To take profits, I recommend setting two targets: Take Profit 1 at 0.62893 and Take Profit 2 at 0.63565. It's important to closely monitor the trade and adjust the stop loss and take profit levels as necessary based on market conditions.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
To enter the trade, I suggest placing a buy stop order at .62255 with a stop loss at 0.61621. The lot size for this trade should be 0.13.
To take profits, I recommend setting two targets: Take Profit 1 at 0.62893 and Take Profit 2 at 0.63565. It's important to closely monitor the trade and adjust the stop loss and take profit levels as necessary based on market conditions.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.