Should price action for the EURUSD remain inside the 1.2470 – 1.2500 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 1.2485
- Take Profit Zone: 1.2350 – 1.2380
- Stop Loss Level: 1.2550
Should price action for the EURUSD breakdown below 1.2470 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 1.2350 – 1.2380
- Stop Loss Level: 1.2550
Should price action for the EURUSD breakout above 1.2500 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 1.2515
- Take Profit Zone: 1.2590 – 1.2615
- Stop Loss Level: 1.2470
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