EUR/USD is in historical support level, will it bounce up now?
Dear trader, we have made a very good profit with our previous Sell signal on EURUSD@1.0760.
I hope you made money too as I shared the signal in my previous EUR/USD Idea.
At present, EUR/USD is in a historical support level as you can see in the chart. In fact, the price has already
bounced up more than 80 pips in an impulsive move.
However, as you know the FOMC meeting is less than 12 hours away, I have not executed any trades yet. In fact, I am
waiting for a dip to 1.0350 before buying.
My idea is to buy EURUSD@1.0330-1.0380 with SL below 1.03 and initial TP at 1.0550 and final TP at 1.08.
Please note that to avoid stop hunts, I will not be placing Stop Loss immediately after executing the trade.
I hope you made money too as I shared the signal in my previous EUR/USD Idea.
At present, EUR/USD is in a historical support level as you can see in the chart. In fact, the price has already
bounced up more than 80 pips in an impulsive move.
However, as you know the FOMC meeting is less than 12 hours away, I have not executed any trades yet. In fact, I am
waiting for a dip to 1.0350 before buying.
My idea is to buy EURUSD@1.0330-1.0380 with SL below 1.03 and initial TP at 1.0550 and final TP at 1.08.
Please note that to avoid stop hunts, I will not be placing Stop Loss immediately after executing the trade.