Forex Signal for EUR/USD: Bearish Price Channel in Wide Market

  Forex Signal for EUR/USD: Bearish Price Channel in Wide Market   Strong recovery from new low discourages bears!   EUR/USD pair signals were not triggered last Tuesday because there was no bullish price action when the support level, defined as 1,1850, was first reached.  

Today's EUR/USD pair signals

• have a 0,75% risk and
• trades can only be entered between 08:00 and 17:00 London time today.

 

Sales Trading Tips

 

• Go sell on the next touch of 1,1850 or 1,1896 and on the H1 time frame, after a bearish price action reversal.
• Place the stop loss 1 pip above the local high swing.
• Leave the stop loss active even when the trade is 20 pips profit.
• When the price reaches 20 pips profit, take 50 % of the position as profit and leave the rest of the position active.

Forex Signal for EUR/USD: Bearish Price Channel in Wide Market

 Buy Trading Tips

 

• Enter a buy on the next touch of 1,1823, 1,1807 or 1,1772 and on the H1 timeframe, with the reversal of the bullish price action.
• Place the stop-loss 1 pip below the local low swing.
• Leave the stop loss active even when the trade is 20 pips profit.
• When the price reaches 20 pips profit, take 50 % of the position as profit and leave the rest of the position in the trade.

 

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