Forex Signal For EUR/USD: Wide Consolidation Underway
Forex Signal For EUR/USD: Wide Consolidation Underway
Significant sell close to $1,0300.
The previous EUR/USD signal on July 18 was not triggered because there was no bearish price action when the key resistance level of $1,0121 was first reached.
Today's EUR/USD Signals
The risk is 0,75%.
Trades can only be entered until 17h00 London time today.
Sales Trade Tip
Sell on the next touch of $1,0211 or $1,0245, 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 50 pips in profit, take 50% of the position as profit and leave the rest of the position running.
Forex Signal For EUR/USD: Wide Consolidation Underway
Buying Trading Tips
In the next touch of $1,0073, $1,0042 or $1,0000, immediately buy as soon as the bullish price action reverses on the H1 time frame.
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.