The price continued its strong fall on Thursday, following through from the bearish rejection of the resistance level at 1. The level at 1.
This pair can take its time going anywhere, so this could take a few days before the direction becomes obvious. If the price can get established above 1.
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Trades must be entered between 8am and 5pm London time today only. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.
Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 20 pips in profit.
Free Forex signals — Foresignal
Short Trade 1 Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. Place the stop loss 1 pip above the local swing high. Adam Lemon Adam is a Forex trader who has worked within financial markets for over 12 years, including 6 years with Merrill Lynch. Forex News Technical Analysis Fundamental Analysis.
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