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Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

Ross Sutton by Ross Sutton
January 13, 2022
in Considerable Content, Daily Analysis
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eurusd_13012022
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Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

 

 

Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

Still, the resistance at $1,1456 could be strong.

The reason why the EUR/USD signal was not triggered on Wednesday last week was that there was no bearish action when the price first reached the resistance levels defined as $1,1316 and $1,1336.

 

Today’s EUR/USD Signals

 

  • The risk is 0,75%.
  • Trades should only be made before 17h00 London time today.

 

Sales Trade Tips

 

  • Sell ​​on the next touch of $1,1456 or $1,1514 immediately after 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 For EUR/USD: Bullish Breakout Above $1,1400

 

Buying Trading Tips

 

  • Watch the bullish price action reversal on the H1 time frame immediately for the next touchdown of $1,1394 or $1,1353.
  • 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.

 

eurusd_13012022

 

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