FXLeaders
Long

Rotational Trading Plan For The EUR/USD

FX:EURUSD   Euro / U.S. Dollar
The Euro has gained ground against the USD for the last two sessions. Of course, the downtrend of 2018 is still massive, with the EUR/USD struggling to gain any bullish momentum.

In such a tight market, playing a rotational strategy is a good way to rack a few pips. A buy from above daily support at 1.1657 is a positive entry to the bull. A modest profit target of 10-12 pips is ideal, using a 1:1 risk vs reward ratio.

This trade idea will remain valid for the next 48 hours.

Comments

Nope , seriously you want to go Long EURUSD at this point when EURUSD in Consolidation mode and with Dollar Index well supported above 94.00. I am not sure if that if is a good trade , i would wait until triggers occur. FYI , The #1 information station for traders is completely nonsense.
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FXLeaders developeralgo222
@developeralgo222,

A long play for a modest profit target is not a bad setup at all given the rotational nature of this market. Keeping the potential downside small is ideal, especially amid the ultra-tight price action. In the event that today's range extends to the entry point of this trade, it will be oversold on smaller time frames, further increasing the odds of a positive bump north from just above the 1.1650 handle.

Thanks for reading and best of luck during today's session.
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