Forex Signal For EUR/USD: Drifting Down from Highs.

    Forex Signal For EUR/USD: Drifting Down from Highs.   A key point today is very likely $1,1400. The reason the EUR/USD signal didn't trigger last Wednesday is because there wasn't enough bearish action when the price first hit the resistance level at $1,1335.  

Today's EUR/USD Signals

 

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

 

Sales Trade Tip.

 

• Sell ​​at $1,1661.
• Use the average recent volatility shown by the average true range (ATR) indicator to set a stop loss.
• Move stop loss even when the trade is 50 pips in profit.
• When the price reaches 50 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For EUR/USD: Drifting Down from Highs.

 

Buying Trading Tips.

 

• The next time you hit $1,1403, $1,1387, $1,1368 or $1,1335, buy immediately following a reversal of the bullish price action on the H1 time frame.
• 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 last.

   

You may also be interested in:

Forex Signal For GBP/USD: Bearish Flag Continues to Signal Weakness.