FX:EURUSD   Euro / U.S. Dollar
The EURUSD approaching a strong resistance zone .

In an hour time frame the chart printing signals in a sideways.

on a close look from 1.16376 the market moving in a sideways.

At 1.18258 market forms a solid impulse and turned the trend to down (shown in the graph).
This impulse made a huge impact on the market. By its impact , the chart printing the signals on sideways.

After that, the market moving in the closed resistance and support zone as a correction for that impulse. (shown in the graph).

Currently, the market stick at 1.15812 in a closed consolidation.

Now we have a chance for two possibilities.

In consolidation, already there is an impulse printed. (shown in the graph)

By that fact as a reaction, I will expect a small impulse for short time trade. The jump may up-to 1.16451

or else it will continue to move in sideways. In that case, end the trade at 1.15307

Eyes on the chart and decide our trade.



Order: BUY

Entry: 1.15812

Take profit: 1.16457

Stop loss: 1.15307

Risk Vs Reward: 1.4

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Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.


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Trade closed: stop reached: stop loss hit. 48 pips down. ( won't affect)

FAILURE IS NOT FATAL. When it under your control.

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