Swing Trading Strategy EURUSD – 5th April 2019
EURUSD has been consolidation at the bottom of what seemed to look like a 2 week low for the pair. The pair has had consolidation; made breakout above the 20 Day SMA and now moved back to the 20 Day SMA for support. It seems that the price has been on consolidation again. If we get another breakout towards the North, then buying the pair would get us some green pips. Let us have a look at the H4 EURUSD chart.
This is another trade idea generated by the Elite Swing Trader.
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We have identified the level of resistance and support and will place a Buy Stop Order on the resistance level. The support level will be used for Stop Loss for this trade. Let us have a look at the summary of the trade…
- Buy Stop Order: 1.12486
- Stop Loss: 1.12040
- Take Profit: 1.13189
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