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TraderAvDM
May 22, 2019 6:18 AM

EURUSD Trading Plan: Wait for a Good Level before Buy/Sell 

Euro Fx/U.S. DollarFXCM

Description

The daily range in EURUSD has become so small that trading EURUSD is very difficult. Hence, the best way to trade this pair is wait for a good level before BUYING/SELLING.

EURUSD is still trading in a BEARISH CHANNEL. So the logical approach to trade this pair is to :

1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250
2) SELL at the TOP of the CHANNEL at 1.1260-1.1280 with SL above 1.1325. TP at 1.1080
Comments
FXCM
Great idea, check mine and let me know how you think.
TradingSafely
Thanks for sharing! Have you thought of trading the 4H Chart? I am up 371 Pips this month on EUR/USD pair!
Here is my chart!
FXCM
Great idea, check mine and let me know how you think.
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