Forex Signal For EUR/USD: Price Drops To $1,1260 Area In A Bear Market.
Forex Signal For EUR/USD: Price Drops To $1,1260 Area In A Bear Market.
The reason why the EUR/USD signal was not triggered last Thursday was that there was no bullish price action when the price first reached the resistance level defined as $1,1315.
Today's EUR/USD Signals
The risk is 0,75%.
Trades can only be entered until 17h00 London time today.
Sales Trade Tips
The next touch of $1,1316, $1,1336, $1,1360, or $1,1394 goes right after a bearish price reversal on the H1 time frame.
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: Price Drops To $1,1260 Area In A Bear Market.
Buying Trading Tips
Buy immediately after a bullish price action reversal on the H1 time frame with the next touch of $1,1261 or $1,1250
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.