EUR/USD 240 Divergence with a Hammer at a Demand Zone

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Euro / Dolar A.S. (FX:EURUSD)

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FX:EURUSD Euro / Dolar A.S.

bullish 240min hammer drop-base-rally demandzone eurusd

There is some divergence on the 240 min chart between price and the RSI. Price rejected the Drop-Base-Rally around 1.0840's. I'm looking to get long at the 50% retracement of the Hammer candle wick at 1.0847 (check your data.) My stops will be just below the swing low at around 1.0830. I have a few targets at each of the swing highs (1.0885, 1.0943, and 1.1060) Good luck trading.

Komen:

Targets one and two were hit if you didn't get stopped out.

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