There is wide consolidation between $1.2400 and $1.2600.
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of $1.2437, $1,2412, or $1.2386.Adjust the stop loss to break even once the trade is 25 pips in profit.
Take off 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of $1.2599 or $1.2629.Adjust the stop loss to break even once the trade is 25 pips in profit.
Take off 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run. The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a
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