EURUSD - Possible double bottom, good opportunity to scalp.
Good day everyone,
After a good short position on eurusd (check related idea) we now are near a huge previous bottom level.
We can see that huge rsi divergence on weekly timeframe, and now we have a good bullish rsi divergence on our H4 timeframe.
Daily chart show us that we are near the bottom of the channel and S1 weekly level.
H1 already showing some rejection signals of the bottom.
Therefore its viable to scalp aiming .12400 level with S.L under current bottom.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
After a good short position on eurusd (check related idea) we now are near a huge previous bottom level.
We can see that huge rsi divergence on weekly timeframe, and now we have a good bullish rsi divergence on our H4 timeframe.
Daily chart show us that we are near the bottom of the channel and S1 weekly level.
H1 already showing some rejection signals of the bottom.
Therefore its viable to scalp aiming .12400 level with S.L under current bottom.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Trade closed: target reached
good trade.There is still room upside but this will be another idea
Thanks eveyone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.