EURUSD Past Trade Idea – 22nd May 2017 | Free Forex Trading Signal

EURUSD Past Trade Idea – 22nd May 2017

Before you continue, we want to make sure you understand that this is a past trade idea found inside The Price Action Club which is a premium Price Action trade signal service. This post is 1 week delayed and this idea is no longer valid but the lesson is still valid. We post this to show you what is inside the Price Action Club. It would be awesome if you join us to learn and to trade our trade ideas. We hope to see you inside the Price Action Club soon. Click here to join us…

EURUSD has been bullish on the Daily chart. Last Thursday was a corrective day, but the next day (Friday) made another huge move towards the North. On its way, it broke an important level of resistance at 1.11650. If this level produces an H4 bullish reversal candle, then buying the pair should get some green pips for the buyers. Let us have a look at the H1 chart of EURUSD….


EURUSD Past Trade Idea – 22nd May 2017

As we see on the chart that the price breached through the level of 1.11650. Earlier the price tried to find its resistance right at that level. Eventually the level of resistance got broken and the price went up to 1.12100. As things stand with the pair, the price is having downside correction. If the price comes at 1.11650 and produces an H4 reversal candle, then buying EURUSD should be the best option for the buyers. Let us have a look at the summary of the trade…

  • Buy Limit Order: 1.11650
  • Stop Loss Level: 1.11000
  • Take Profit Target: 1.12350

As we know there are many types of reversal candles such as Doji, Inside bar, Engulfing, Pinbar, etc. Pinbar is considered the best reversal candle and Engulfing candle is considered the second best reversal candle to take entries. To identify an Engulfing candle is an easy task. However, A Pin bar can be deceptive sometimes. There are some characteristics of a perfect Pin bar. Traders are advised that they learn those characteristics of Pinbar well.

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: EURUSD Past Trade Idea – 22nd May 2017


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