Forex Signal EUR/USD: Strong Bearish Continuing.

  Forex Signal EUR/USD: Strong Bearish Continuing.   The price is trading near 1-year lows below $1,1338. The EUR/USD signal last Thursday did not trigger as the bearish price action occurred just above the resistance I had set at $1,1467.  

Today's EUR/USD Signals

 

• The risk is 0,75%.
• Transactions must be entered before 17h00 London time today.

 

Sales Trade Tips

 

• At the next touch of $1,1338, $1,1371 or $1,1394, enter short immediately following a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

Forex Signal EUR/USD: Strong Bearish Continuing.

 

Buying Trading Tips

 

• Enter long immediately following a bullish price action reversal on the H1 time frame with the next touch of $1,1245 or $1,1195.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

   

You may also be interested in:

 

Forex Signal GBP/USD: Bearish Flag Shows Possible Retracement Signals.