EUR/USD Trading Signal – LWC Bounce Off Upper Trendline And S&R Zone

Yesterday’s candle is a bounce off both an upper trendline and an upper S&R zone, so we have a great trading signal.


I’ll be entering on a break of the orange line (1.1265) with a stoploss at the red line (1.1400).

I would have liked to have the stoploss abvoe the S&R zone, but that just doesn’t give us enough of a risk:reward ratio.  But since this a double bounce it’s too good of a trade to pass up.

By |2016-10-21T21:03:03-06:00February 12th, 2016|EURUSD, Phil's Forex Blog|0 Comments