Forex Trading EURUSD H4 (14 Nov 2018)

EURUSD has indeed been rejected around 1.1300 as discussed yesterday, Forex Trading EURUSD H4 (13 Nov 2018). If you have shorted around 1.1300, you may consider shifting the stop loss to break even at current price of 1.1268 (+32 pips profit) or lock in some profit.

Let’s check forexfactory to see if there are any high impact news (red) today before coming up with the trade plan. Note: Time is GMT (+8).

As can be seen from the calendar, there’s USD high impact news at 930pm and the following day 7am.

If you have open USD positions, do lock in some profit or shift the stop loss to manage risk. Trade plan for the day will be to look for short term trades of 15 to 30pips before 930pm news.

The forex scanner will come in handy today for short term day trade, filtering all 34 forex pairs, screening up to hourly time frame.

Recommended Resources

• Earn Cashback for every lot you trade. (Dad has received thousands of dollars cashback since 2011)
• If you are completely new to Forex or want to learn more advanced strategies, start your Free Forex Education here.
• Calculate your risk before entering any trade. (Good rule of thumb is to risk 1 to 2% for each trade)
• Check for any major news before entering any trade.
• Scan 34 Forex pairs on all time frames to enter the best trade.
• Invest in Bitcoin and Cryptocurrency to diversify portfolio.

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