Forex Signal For EUR/USD: Consolidation Above $1,1301

    Forex Signal For EUR/USD: Consolidation Above $1,1301   The direction of the pair remained completely uncertain ahead of tomorrow's release of US inflation data. Last Thursday's EUR/USD signal was not triggered as none of the key support or resistance levels set that day were reached during the London session.  

Today's EUR/USD Signals

 

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

 

Sales Trade Tip

 

• Go short as soon as a bearish price reversal on the H1 time frame, right after the next touch of $1,1394.
• Place the stop loss 1 pip above the local swing height.
• Set the 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: Consolidation Above $1,1301.

 

Buying Trading Tips

 

• Enter long immediately after a bullish price action reversal on the H1 time frame with the next touch of $1,1301 or $1,1229.
• 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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