Forex Signal For EUR/USD: Consolidation Above $1,1301
Forex Signal For EUR/USD: Consolidation Above $1,1301
The direction of the pair remained completely uncertain ahead of tomorrow's release of US inflation data.
Last Thursday's
EUR/USD signal was not triggered as none of the key support or resistance levels set that day were reached during the London session.
Today's EUR/USD Signals
- The risk is 0,75%.
- Trades can only be made until 17h00 London time today.
Sales Trade Tip
- Go short as soon as a bearish price reversal on the H1 time frame, right after the next touch of $1,1394.
- Place the stop loss 1 pip above the local swing height.
- Set the 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 be driven.
Forex Signal For EUR/USD: Consolidation Above $1,1301.
Buying Trading Tips
- Enter long immediately after a bullish price action reversal on the H1 time frame with the next touch of $1,1301 or $1,1229.
- Put the stop loss 1 pip below the local swing low.
- Set 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 be driven.
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