The EUR/USD pair has shown a significant bullish movement after rebounding from the key support level at 1.10119. The recent price action has breached the resistance at 1.10440, which could now be acting as support. With the MACD indicating a growing bullish momentum, we could be seeing the start of a new uptrend.
A conservative trading strategy could be to wait for a retest of the breached resistance-turned-support before entering a long position. This approach allows traders to enter the market with a better risk-to-reward ratio, as it provides a clearer stop-loss level below the support zone.
TP your trades on the every lines partially. Don´t let your floating profit turn to floating lose.
Protect your position by moving the SL to BE when price will reach the first TP area.
Wish you good luck.
FOR BEGINNERS. Im not a signal service with 25K followers, do not selling anything here. If you want to buy something, contact one of the signal factories, they will sell you a lot of signals without trading them, which will most likely ends with your blown account. Also I´m not manipulating my ideas by updating them 35x to get the winning ideas to the top and get the loosing ideas to the page 25 where nobody is checking them. I´m trading my own ideas for living and also sharing my trades and strategies. For free.
A conservative trading strategy could be to wait for a retest of the breached resistance-turned-support before entering a long position. This approach allows traders to enter the market with a better risk-to-reward ratio, as it provides a clearer stop-loss level below the support zone.
TP your trades on the every lines partially. Don´t let your floating profit turn to floating lose.
Protect your position by moving the SL to BE when price will reach the first TP area.
Wish you good luck.
FOR BEGINNERS. Im not a signal service with 25K followers, do not selling anything here. If you want to buy something, contact one of the signal factories, they will sell you a lot of signals without trading them, which will most likely ends with your blown account. Also I´m not manipulating my ideas by updating them 35x to get the winning ideas to the top and get the loosing ideas to the page 25 where nobody is checking them. I´m trading my own ideas for living and also sharing my trades and strategies. For free.
Free signals, learning, discussion here t.me/+GCvkq1Fz_bUzZDQ0