EUR/USD Signal Update
Yesterday’s signals were not triggered as the bearish rejection of 1.1170 did not break in the next hour and when the price reached 1.1076 there was insufficiently bullish price action.
Today’s EUR/USD Signals
Risk 0.75%
Trades must be taken before 5pm London time today only.
Long Trades
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1025 or 1.0900.Put the stop loss 1 pip below the local swing low.Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
Short Trades
Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1076, 1.1170, or 1.1234.Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
EUR/USD Analysis
This pair had a reasonable downwards move yesterday after trying and failing to rise above 1.1170. The support at 1.1076 briefly halted the fall but ultimately was not able to stop it.There is no long-term trend and it is probable now that the pair will consolidate between 1.1026 and 1.1076.
Yesterday’s signals were not triggered as the bearish rejection of 1.1170 did not break in the next hour and when the price reached 1.1076 there was insufficiently bullish price action.
Today’s EUR/USD Signals
Risk 0.75%
Trades must be taken before 5pm London time today only.
Long Trades
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1025 or 1.0900.Put the stop loss 1 pip below the local swing low.Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
Short Trades
Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1076, 1.1170, or 1.1234.Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
EUR/USD Analysis
This pair had a reasonable downwards move yesterday after trying and failing to rise above 1.1170. The support at 1.1076 briefly halted the fall but ultimately was not able to stop it.There is no long-term trend and it is probable now that the pair will consolidate between 1.1026 and 1.1076.
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