EURSGD - Bullish Trend - 1 Hour Time Frame
Based on the chart, it appears that there is a bullish trend forming as evidenced by higher highs (HHs) and higher lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. With this in mind, we recommend taking a long trade with a risk/reward ratio of 1:1.
To execute this trade, we suggest entering a Buy Stop order at 1.46468 with a Stop Loss order at 1.46036. To manage risk, we recommend using a Lot Size of 0.25. In terms of profit targets, we suggest setting Take Profit 1 at 1.46907 and Take Profit 2 at 1.47345.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
To execute this trade, we suggest entering a Buy Stop order at 1.46468 with a Stop Loss order at 1.46036. To manage risk, we recommend using a Lot Size of 0.25. In terms of profit targets, we suggest setting Take Profit 1 at 1.46907 and Take Profit 2 at 1.47345.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
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