Forex Signal for EUR/USD: A Strong Reversal!

  Forex Signal for EUR/USD: A Strong Reversal!   The new support level at 1,1882 looks pretty significant! Last Thursday, the EUR/USD pair signals turned bearish, rejecting the resistance level (on the hourly doji candlestick) at 1,1882, producing a highly profitable trade entry.  

Today's EUR/USD Signals

 

• The risk is 0.75 %.
• Transactions must be made between 8 am and 5 pm London time today.

 

Sales Trading Tips

 

• Enter a sell position at the next touch of 1,1908, 1,1922 or 1,1983 and following a bearish price action reversal on the H1 timeframe.
• Place the stop-loss 1 pip above the local swing high.
• Even if you are 20 pips profit in the trade, the stop loss must be active.
• When you reach 20 pips profit, take 50 % of the position as profit and leave the rest of the position in the trade.

Forex Signal for EUR/USD: A Strong Reversal!

Buy Trading Tips

 

• Enter buy at the next touch of 1,1882, 1,1852, 1,1831 or 1,1802 and after the reversal of the bullish price action in the H1 time frame.
• Put the stop-loss 1 pip below the local low swing.
• Set the stop-loss even when the trade is 20 pips in profit.
• When you reach 20 pips profit in the trade, take 50 % of the position as profit and leave the rest of the position in the position.

Note: The best method to identify a classic price action reversal is the close of a pin bar, doji, outdoor, or even just an hourly candle with a higher close.    

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