Should price action for the EURUSD remain inside the 1.2350 to 1.2400 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2400
- Take Profit Zone: 1.2770 – 1.2830
- Stop Loss Level: 1.2300
Should price action for the EURUSD breakout above 1.2400 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: 1.2770 – 1.2830
- Stop Loss Level: 1.2300
Should price action for the EURUSD breakdown below 1.2350 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2325
- Take Profit Zone: 1.2100 – 1.2150
- Stop Loss Level: 1.2400
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.
