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Reversal Trend Strategy EURUSD – 21st March 2019 (Updated with Results) 

 March 21, 2019

By  Advanced Strategies

Reversal Trend Strategy EURUSD – 21st March 2019
Reversal Trend Strategy EURUSD – 21st March 2019

EURUSD popped out of consolidation and immediately hit our Super Forex Launcher dynamic resistance. This was the same trade we recommended yesterday. In just 4 hours, EURUSD rose to about 100 pips before being pushed back by the Bears. And now, from what we can see perhaps it’s time to retreat back into the range. Below is our order for EURUSD today…

  • Sell Stop Order: 1.14097
  • Stop Loss: 1.14517
  • Take Profit: 1.13600

We will have this stop order in place and only want to get into any bearish position only when the Bears show its claws. If you would like to learn how to trade using the Super Forex Launcher Indicator, click here to learn more.

Reversal Trend Strategy EURUSD – 21st March 2019 (Updated with Results)

Reversal Trend Strategy EURUSD – 21st March 2019
Reversal Trend Strategy EURUSD – 21st March 2019

In less than 12 hours, EURUSD reversed as expected and hit our TP target allowing us to exit with a neat profit of 48 pips for this reversal trade. Using the Super Forex Launcher to identify potential reversal areas makes it easier and more systematic for us to enter into reversal positions. If you like this strategy, please click here to learn more about Super Forex Launcher.

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