Yesterday I gave a winning Forex Trading Strategy. Today I am making my first trade with this strategy.
It is 11:05 PM Est Eur/Usd
We tested the resistance level of 1.3973 and bounce off of it I believe we are headed down to the next support level of 1.3891
I just entered at 1.3950 I have a stop at above the resistance level at 1.3979 with at target of 1.3891
I will adjust the stop forward as I gain profit but I will not move it back. I opened two lots and I will keep the other lot with no limit to allow it to run if the pair continues to move down.
10 min Chart -