Tuesday Jan 13 Trade Setup EUR/USD

Today’s Recap:

I opened 3 lots at 1.3300 and all got stopped out. The pair tested the 1.3300 support and did a false break and then bounce up. I got in two early I should have waited longer before a short entry.

Total For today -230 pips

Tuesdays Trade. Since we saw the bounce off of 1.3300 that is a bullish signal and we will be looking to go long around 1.3550

However if the price does drop we will watch that 1.3300 level again but this time watch for false breaks.

Tomorrows Trade Setup:

* Enter Long 3 lots 1.3550
* 1st lot limit and stop at 55 pips
* 2nd lot limit at 100 pips stop at 75 pips
* 3rd lot no limit and stop at 100 pips with a 55 pip trailing stop

Same Setup except short at 1.3275 watch that false break.

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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