Can EURUSD break through this resistance trendline?

29 nov. 2019

What are your thoughts? Will this downtrend continue or will it break through the resistance trendline? Please comment below.

LONG - EURUSD
SL: 1.09532 (Suggested by our algorithmic system)
TP: 1.10873 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Price on strong support level

2. Accum/Dist indicator showing good sign of accumulation


---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/7KqL6yp (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!

29 nov. 2019

Note

Reason 3: Bullish divergence on MACD

3 déc. 2019

Trade fermée: cible de profit atteinte