empty
 
 

03.03.202113:07 Forex Analysis & Reviews: Trading idea for EUR/USD

Exchange Rates 03.03.2021 analysis

EUR / USD underwent a correction on Monday, which can be used to profitably enter a decline within the large three-wave structure formed in the H4 chart.

Exchange Rates 03.03.2021 analysis

To put it more precisely, since the quotes form a wave pattern (ABC), where wave A is the bearish initiative observed from February 25 to March 2, traders can open short positions from 1.21, the target of which is a 50% retracement. Limit should be placed at 1.22, and then take profit as soon as the quote breaks below 1.19500.

Of course, traders still need to be careful to avoid losing money. Trading in this market is very precarious, but also profitable provided that the approach used is correct.

Good luck!

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Andrey Shevchenko,
分析专家
InstaForex集团 © 2007-2021
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.