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| EUR/USD Hourly |
Trading Plan
Enter on bullish divergent bar,
Buy at 1.3616..
Stop loss would be just below the bdb low at 1.3588 (risk level -28 pips)
Using 1:3 risk reward ratio, out at 1.3706 (just near resistance) + 90 pips
Why did I take this trade?
I noticed there's a bullish divergent bar (bar no 1), then another bdb (bar no 2) and Euro keep making lower high. I kept watching this market, until the 3rd bdb was formed and then the next bar break its high, but i didn't buy it straight away. luckily it retraced, giving me a chance to buy at 1.3616. I'm comfortable with the risk level, so I took it..
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