EURPLN is technically on a new up trend

2019-11-12 06:29:52

LONG - EURPLN
SL: 4.24797 (Suggested by our algorithmic system)
TP: 4.31189

Reasons behind this idea:

1. Price broke through resistance trendline

2. RSI & MACD indicator is showing bullish divergence

Caution: Important economic reports are due on November 15th.

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

Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit
Green Arrow: Bullish Divergence

Trade idea from our mobile app: https://ibb.co/SXXcMv6

Please trade responsibly and good luck!