Forex Signal For EUR/USD: Breaking Towards Multi-Month Lows!

  Forex Signal For EUR/USD: Breaking Towards Multi-Month Lows! The new resistance level at 1,1856 looks pretty significant! Last Tuesday, the EUR/USD parity lost the buying entry in its bounce at 1,1882.   Today's EUR/USD Parity Signals   Risk 0,75 % Trades can only be made before 17:00 London time today.   Trading Ideas for the Sales Process

• Go sell after the next touch of 1,1856 or 1,1882 and a bearish price reversal on the H1 time frame.
• Place the stop-loss 1 pip above the local swing height.
• Even if you are 20 pips profit in the trades, keep the stop loss active.
• When you reach 20 pips profit, take 50 % of the position as profit and leave the rest of the position as a trade.

Forex Signal For EUR/USD: Breaking Towards Multi-Month Lows!

  Trading Ideas for Buying

• To buy, watch for a bullish price action reversal on the next touch of 1,1837, 1,1825, 1,1802 or 1,1795 and on the H1 time frame.
• Place the stoploss 1 pip below the local low.
• Leave the stop loss active even if you are 20 pips profit in the trades.
• When you reach 20 pips profit, take 50 % of the position as profit and leave the rest of the position as a trade.

 

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