vanathi
Short

EURUSD - Retracing!

FX:EURUSD   Euro / U.S. Dollar
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7
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We are having long weekend and I thought of looking at forex charts. EURUSD is at resistance zone and retracing. Can go short with the stoploss of 1.2029. Targets are 1.1176,1.1160 and 1.1145. Entry depends on your trading plan.
Trade active
Trade closed: target reached: First target.
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Vanathi, Am new to forex markets, suppose in the above example, if we get a profit of (1.11922-1.1176) 853points- tgt1, What is the profit in our hands in Rupees.

Ramki
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vanathi mkramki
@mkramki, Profit depends on strategy, discipline, lots traded and the amount invested. No one can say a number for sure. You can use google to conert any currency value to rs.
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madam, Is that a hidden bullish divergence? :D
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@tRex88, Is it?
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tRex88 vanathi
@vanathi, i don't know much about divergences (hidden and regular). Since you are an expert in this subject would like to learn from you _/\_
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tRex88 vanathi
@vanathi, what type of divergence is this?
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@tRex88, I didnt mention divergence in post, because there is none :)
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Negative Reversal
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vanathi harishkumarhs
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