Forex Signal For EUR/USD: Unstable Consolidation Continues

    Forex Signal For EUR/USD: Unstable Consolidation Continues   The chart forms a narrowing triangle pattern. The previous EUR/USD signal was not triggered as there was no bearish price action when the price first reached the designated resistance level at $1,0710.  

Today's EUR/USD Signals

 

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

 

Sales Trade Tips

 

• Next touch the descending trendline shown in the price chart below and immediately go to sell at $1,0824 or as soon as the bearish price action reverses on the H1 time frame.
• Place the stop loss 1 pip above the local swing height.
• Set stop loss even when the trade is 20 pips in profit.
• When the price reaches 50 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For EUR/USD: Unstable Consolidation Continues

 

Buying Trading Tips

 

• Buy as soon as a bullish price action reverses on the H1 time frame on the next touchdown of $1,0711, $1,0631 or $1,0600.
• 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 last.

   

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