EURUSD is trying to get out of the bears' clutches
The Euro rose slightly after the opening of the trading session. The price was able to overcome the resistance of the 200 moving average on the 4-hour chart and after crossing it, it drew a fractal. If you draw a trend resistance line on the 4-hour time frame, you will see that the downtrend has been broken. The price was able to cross this resistance line. All these factors indicate that opening a long position with a short target has a good chance of success. But since this is a trend reversal, there may be corrections and therefore we will put on the Take Profit order at 1.1840 with a target of 30 pips in this trade.
Order Type: Pending Order - Buy Stop
Entry Price at 1.1810
Take Profit at 1.1840
Pips Earning: 30
Forex trade strategy and trading signals for major currency pairs:
XAUUSD buy at the price of 1824
USDJPY buy at the price of 109.70
GBPUSD buy at the price of 1.3780
USDCHF buy at the price of 0.9160
The result of a trade recommendation. the Take Profit level is reached the next day.
The profit can be $300.00 if the trading volume of 100000 EUR (1 Lot).