Trade Recommendation: EURUSD

Let’s spot possible trading opportunities using Ichimoku indicator. The price passed through the kumo and it gave us a signal of further downward movement. DMI confirms trend market conditions and strong downward movement. It is sell opportunity. We should use a breakout signal for entry the market. Place pending orders for sell at 1.17150 with stop orders above 1.18300 level. Take profit should be at 1.16150 level. Recommended risk size for this trade is up to 3% from your deposit.

Sell: 1.17150
Stop: 1.18300
Profit Targets: 1.16150

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.