Should price action for the EURUSD remain inside the 1.3120 to 1.3160 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.3130
- Take Profit Zone: 1.3400 – 1.3440
- Stop Loss Level: 1.3010
Should price action for the EURUSD breakout above 1.3160 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 1.3400 – 1.3440
- Stop Loss Level: 1.3010
Should price action for the EURUSD breakdown below 1.3120 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.3110
- Take Profit Zone: 1.2970 – 1.3000
- Stop Loss Level: 1.3170
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