Counter Trend Strategy EURUSD – 12th Feb 2019
Based on our Super Forex Launcher System, the bottom might be near in EURUSD on the H4 chart. It has been rough on EURUSD since the start of Feb and it’s been moving downwards dropping 200+ pips this month. Is the end near and will EURUSD start to bounce back?
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It might be ripe for some kind of bounce for EURUSD. Again, we are in counter trend mode here and we want to be cautious with our entry into this trade. We will only enter into Buy Stop Orders… we want to see the Bulls commit into a comeback before we place our money on this move. We are going to place Buy Stop above immediate resistance. For the Stop Loss, we are going to take The Super Forex Launcher Indicator recommendation.
- Buy Stop Order: 1.13000
- Stop Loss: 1.12670
- Take Profit: 1.13600
Good luck in this trade. Let us know in the comment below if you have questions.
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