Forex Signal For EUR/USD: New 1-Year Low

    Forex Signal For EUR/USD: New 1-Year Low.   The long-term downtrend seems likely to produce lower prices. Last Tuesday's EUR/USD signal produced a highly profitable short trade out of the downtrend at the resistance level identified at 1,1610.   Today's EUR/USD Signals  

• The risk is 0,75%.
• Trades are only available before 17h00 London time today.

 

Sales Trade Tips

 

• On the next touch of 1,1562, 1,1588 or 1,1610, go short 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, remove 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For EUR/USD: New 1-Year Low

   

Sales Trade Tip

 

• Watch the bullish price action reversal on the H1 time frame, right after the next touch of 1,1517.
• Put 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, remove 50% of the position as profit and let the rest of the position be driven.

   

You may also be interested in:

 

Forex Signal For EUR/USD: Bear Market Ready to Dominate Ahead of ADP Data