Forex Signal For EUR/USD: Wide Consolidation Underway

    Forex Signal For EUR/USD: Wide Consolidation Underway   Significant sell close to $1,0300.  

• The previous EUR/USD signal on July 18 was not triggered because there was no bearish price action when the key resistance level of $1,0121 was first reached.

 

Today's EUR/USD Signals

 

• The risk is 0,75%.
• Trades can only be entered until 17h00 London time today.

 

Sales Trade Tip

 

• Sell ​​on the next touch of $1,0211 or $1,0245, 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 50 pips in profit, take 50% of the position as profit and leave the rest of the position running.

 

Forex Signal For EUR/USD: Wide Consolidation Underway

 

Buying Trading Tips

 

• In the next touch of $1,0073, $1,0042 or $1,0000, immediately buy as soon as the bullish price action reverses on the H1 time frame.
• 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: Possibly Drop to 1,200 Before BoE Decision