Forex Signal for EUR/USD: Bears Turn Starts Below 1,2000!

  Forex Signal for EUR/USD: Bears Turn Starts Below 1,2000!   The EUR/USD signals last Thursday managed to produce a long trade entry from the strong bullish area in the 1,1910 / 1,1920 support zone. However, he was able to make a profit of at least 20 pips before turning to a stop out at the break even point.

Today's EUR/USD Signals

Risk: 0,75 %. Trades should only be made between 8am and 5pm London time today.

Short Trading Tips

• At the next touch of 1,1983 or 1,2047, make a short entry after a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing high.
• Set the stop loss even if the trade is 20 pips profit.

When the price reaches 20 pips in profit, take 50 percent of the position as profit and leave the rest of the position running.

Long Trading Tips

• On the next touch of 1,1903, 1,1882 or 1,1851, make a long entry immediately following a bullish price action reversal in the H1 time frame.
• Put the stop loss 1 pip below the local swing low.
• Set the stop loss even when the trade is 20 pips profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.
• The best way to describe a classic "reversal of price action" is the close of a pin bar, a doji, an outside, or even just a one-hour candle with a higher close.
• You can take advantage of these levels or regions by watching the price movement at the given levels.

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