Trade of the Year, With Profit Targets Above 6000 Pips !!!
This currency pair has been correcting for a very long time and now showing signs of exhaustion:
MACD is loosing momentum also there is bullish divergence. Inverted hammer on weekly chart. Approaching the 200 Weekly MA and trend line support. So my suggestion is entry around 2.0600-2.0300 area with big Stop Loss but a greater Profit Target.
Entry: 2.0600-2.0300
Stop Loss: 2.0000
Take Profit 1: 2.5350
Take Profit 2: 2.6647
Risk/Reward: Approximately 1:10
Good Luck, and Happy Trading
- Divergence
- Inverted Hammer
- Significant Support Area
- Trend Line Support
- 200 Weekly MA
MACD is loosing momentum also there is bullish divergence. Inverted hammer on weekly chart. Approaching the 200 Weekly MA and trend line support. So my suggestion is entry around 2.0600-2.0300 area with big Stop Loss but a greater Profit Target.
Entry: 2.0600-2.0300
Stop Loss: 2.0000
Take Profit 1: 2.5350
Take Profit 2: 2.6647
Risk/Reward: Approximately 1:10
Good Luck, and Happy Trading
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So Far So Good