EURUSD Trading Plan: Wait for a Good Level before Buy/Sell
The daily range in EURUSD has become so small that trading EURUSD is very difficult. Hence, the best way to trade this pair is wait for a good level before BUYING/SELLING.
EURUSD is still trading in a BEARISH CHANNEL. So the logical approach to trade this pair is to :
1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250
2) SELL at the TOP of the CHANNEL at 1.1260-1.1280 with SL above 1.1325. TP at 1.1080
EURUSD is still trading in a BEARISH CHANNEL. So the logical approach to trade this pair is to :
1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250
2) SELL at the TOP of the CHANNEL at 1.1260-1.1280 with SL above 1.1325. TP at 1.1080