My EUR/USD signal on 3rd May did not technically produce a short trade from the bearish rejection of the key resistance level at $1.1089 right away.
did not technically produce a short trade from the bearish rejection of the key resistance level at $1.1089 right away, but it was an accurate call for the following day which could have given a profitable trade.Short Trade Ideas
Short entry following a bearish price action reversal on the H1 timeframe immediately upon the next touch of $1.1089 or $1.1125.Adjust the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the price reaches 50 pips in profit and leave the remainder of the position to run.Long entry following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.0920, $1.0896, or $1.0878.Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forex Signal: Stuck in a Range Ahead of a BreakoutThe EUR/USD pair moved sideways after the Federal Reserve and the European Central Bank (ECB).
Read more »
EUR/USD grinds higher past 1.1000 with eyes on US inflation, banking reportEUR/USD begins the trading week without surprises around 1.1025, following a volatile week that ended near the start. The Euro pair cheered the Europe
Read more »
EUR/USD Price Analysis: Sustains auction above 1.1000 ahead of US CPIThe EUR/USD pair is maintaining its auction area above the psychological support of 1.1000 in the Asian session. The major currency pair is looking to
Read more »
EUR/USD advances towards 1.1050 as US Dollar begins inflation week on a negative noteEUR/USD advances towards 1.1050 as US Dollar begins inflation week on a negative note – by anilpanchal7 EURUSD ECB Fed FiscalPolicy RiskAversion
Read more »
EUR/USD still faces strong resistance at 1.1120 – UOBAccording to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further upside in EUR/USD should meet solid hurdle around 1.112
Read more »
EUR/USD: There is an inflation disadvantage for the Euro – CommerzbankInflation risk premium for the EUR is no longer justified, in the view of economists at Commerzbank. Falling EUR exchange rates from 2024 onwards “We
Read more »