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
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