Forex Signal For EUR/USD: Bearish Consolidation Below $1,1300.

    Forex Signal For EUR/USD: Bearish Consolidation Below $1,1300.   Volatility is low but there is a valid long-term trend. Last Tuesday's EUR/USD signal produced a profitable long trade after strongly rejecting the support level defined as $1,1267, although the trade only posted a max profit of 40 pips.  

Today's EUR/USD Signals

 

• The risk is 0,75%.
• Trades can only be entered until 17h00 London time today.

 

Sales Trade Tips

 

• Sell ​​as soon as a bearish price reversal on the H1 time frame reverses, right after the next hit of $1,1303 or $1,1393.
• Place the stop loss 1 pip above the local swing height.
• Set stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For EUR/USD: Bearish Consolidation Below $1,1300.

 

Buying Trading Tips

 

• Go buy right after a bullish price action reversal on the H1 time frame on the next touch of $1,1250, $1,1229 or $1,1195.
• Put the stop-loss 1 pip below the local swing low.
• Set stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

   

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