EUR/USD, 30M TF

Published 03.02.2014 at 04.40 PM.

Hello dear traders.

The Bucket and Rails patterns were formed on the EUR/USD pair in the 30-minute time frame. It is recommended to open long positions with a stop order at the 1.3470 level (5 pips below the low) and take profit, at 1.3542 (161.8% Fibonacci extension).

The signal has the following disadvantages:

- trading against the trend in the 4-hour time frame;

- short-term entry in the direction opposite to the forecasts for higher time frames (D1 & W1);

Taking into account these disadvantages, the risk was cut to 0.5%.

Trade profitably! 

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