Forex Signal For EUR/USD: Bear Market Double Top reaches 1,1668.

  Forex Signal For EUR/USD: Bear Market Double Top reaches 1,1668. The price is moving in a symmetrical ascending price channel. Last Tuesday's EUR/USD signal could have produced a somewhat profitable short trade entry as the resistance level set at 1,1668 rejects the downtrend.  

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 time you touch 1,1668, 1,1688, 1,1711 or 1,1753, go short as soon as a downside price reversal on the H1 time frame is reversed.
• Place the stop loss 1 pip above the local swing height.
• Set a 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.

 

Forex Signal For EUR/USD: Bear Market Double Top reaches 1,1668.

   

Buying Trading Tips

 

• Next touch 1,1640, 1,1623, 1,1609 or 1,1567 and immediately follow the bullish price action reversal on the H1 time frame.
• Put the stop loss 1 pip below the local swing low.
• Set a 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.

   

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