Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.

Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. The chart below shows that the price made a double top at 1.

The price is now approaching the 1. If the price does break below 1. There is nothing due today concerning the EUR. Regarding the USD, there will be a release of ISM Manufacturing PMI data at 3pm London time, followed by Crude Oil Inventories at 3: Adam is a Forex trader who has worked within financial markets for over 12 years, including 6 years with Merrill Lynch.

He is certified in Fund Management and Investment Management by the U. Learn more from Adam in his free lessons at FX Academy. Registration is required to ensure the security of our users. Login via Facebook to share your comment with your friends, or register for DailyForex to post comments quickly and safely whenever you have something to say.

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DailyForex Mobile App Need Help Choosing a Broker? Report Broker Scams Forex Widgets Sitemaps. Trades may only be taken between 8am and 5pm London time today. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.

Put the stop loss 1 pip below the local swing low. Adjust the stop loss to break even once the trade is 20 pips in profit.

Short Trade 1 Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. Put 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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