EURUSD Enters Correction

Should price action for the EURUSD remain inside the 1.3750 to 1.3800 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Long Position @ 1.3770
• Take Profit Zone: 1.3620 – 1.3670
• Stop Loss Level: 1.3900 (We will not use a stop loss order to close this trade for a loss and execute this trade as advised below). We do use stop loss orders to protect our profits and close a trade for a profit. Each trader may decide if and where they would like to place the order.
• Hedge Level: Buy Stop Order @ 1.3820 (Take Profit Level @ 1.3900)

Should price action for the EURUSD breakdown below 1.3750 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 1.3620 – 1.3670
• Stop Loss Level: 1.3900 (We will not use a stop loss order to close this trade for a loss and execute this trade as advised below). We do use stop loss orders to protect our profits and close a trade for a profit. Each trader may decide if and where they would like to place the order.
• Hedge Level: Buy Stop Order @ 1.3820 (Take Profit Level @ 1.3900)

Should price action for the EURUSD breakout above 1.3800 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 1.3820
• Take Profit Zone: 1.3870 – 1.3900
• Stop Loss Level: 1.3770 (We will not use a stop loss order to close this trade for a loss and execute this trade as advised below). We do use stop loss orders to protect our profits and close a trade for a profit. Each trader may decide if and where they would like to place the order.
• Hedge Level: Sell Stop Order @ 1.3770 (Take Profit Level @ 1.3620)

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