RSI 14 bullish divergence
Updated
NZDUSD was in a downtrend on the daily chart and recently RSI shown a bullish divergence after the price passed the support area.
Stop-loss: 0.66842
Take-profit:
-first option: 0.70448
-second option: 0.72017
-third option: 0.73700
-fourth option: no take-profit, only trailing stop-loss manually on Parabolic Stop and Reverse 3 days back (first trail when a 3rd dot/cross will appear).
I'll use the fourth option but will report if other targets were hit.
Stop-loss: 0.66842
Take-profit:
-first option: 0.70448
-second option: 0.72017
-third option: 0.73700
-fourth option: no take-profit, only trailing stop-loss manually on Parabolic Stop and Reverse 3 days back (first trail when a 3rd dot/cross will appear).
I'll use the fourth option but will report if other targets were hit.
Trade active
I entered the trade already before posting the idea. Let's see how this will unwrap.
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