Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

    Forex Signal For EUR/USD: Bullish Breakout Above $1,1400 Still, the resistance at $1,1456 could be strong. The reason why the EUR/USD signal was not triggered on Wednesday last week was that there was no bearish action when the price first reached the resistance levels defined as $1,1316 and $1,1336.  

Today's EUR/USD Signals

 

• The risk is 0,75%.
• Trades should only be made before 17h00 London time today.

 

Sales Trade Tips

 

• Sell ​​on the next touch of $1,1456 or $1,1514 immediately after a bearish price reversal on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

Forex Signal For EUR/USD: Bullish Breakout Above $1,1400

 

Buying Trading Tips

 

• Watch the bullish price action reversal on the H1 time frame immediately for the next touchdown of $1,1394 or $1,1353.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 20 pips in profit.
• When the price reaches 20 pips in profit, take 50% of the position as profit and leave the rest of the position running.

   

You may also be interested in:

Forex Signal For GBP/USD: Sterling Promises More Gains.