Forex Signals – EURUSD Exciting Week!
Site Update: We rolled out a number of behind-the-scene updates this weekend to lay the groundwork for the exciting features we’ll be rolling out this week. Most of the feature enhancements focus along some drastic improvements of CandlePRO, including the ability to see performance charts for any candlestick pattern along with easy to understand TP / SL / Entry information to make trading candlesticks easier than ever:
“New Performance Charts and layout for CandlePRO backtesting makes it drop dead simple to follow your own candlestick strategy.”
There are quite a few new features that will make trading easier than ever for PRO members, some of which can be read about here. We will be releasing the beta version to PRO members Wednesday, along with some training materials and a video tutorial toward the end of the week. Stay tuned!
Recap: No trades taken last Friday to report on.
Today’s Important News Events:
|There are no events scheduled.|
|*To see a more extensive list of news events (not just those we consider important), visit our Forex Calendar.|
Trading Idea: The pair is in a very bearish trend at the moment, with lower lows and lower highs for the past several weeks. There is a fairly solid falling trend resistance at the moment, however, where we will look to get long off of a resistance break with targets at 20/20/20/20 for 80 pips.
The trade is on the aggressive side due to the bearish trend but given the oversold nature of the hourlies and the bearish gap we believe the long will provide enough of a *pop* for the trade. We will look to move our SL early and often.
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