empty
 
 

Forex Analysis & Reviews: Trading tips for EUR/USD
time 30.11.2022 10:44 AM
time Relevance up to, 01.12.2022 09:52 AM

This image is no longer relevant

Yesterday's trading left a very interesting area for sellers. It can be used as a basis when doing the stop-hunting strategy.

This image is no longer relevant

Since there is a three-wave pattern (ABC) in which wave A represents today's bullish pressure, players can enter the market by buying up to the 50% ad 61.8% retracement levels, as shown in the picture above. Set stop-loss at 1.03200, then exit on the breakdown of 1.03942.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

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。

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

EUR/USD outlook for February 7, 2023

Federal Reserve Chairman Jerome Powell's speech today at the Economic Club of Washington (17:40 GMT) can "swing" the dollar (and therefore the main dollar currency pairs) both up and down

Jurij Tolin 14:31 2023-02-07 UTC+2

U.S. Dollar Index outlook for February 7, 2023

The dollar index (DXY) is retreating from the 4-week highs reached yesterday and early in today's European trading session near 103.67: as of writing, DXY futures were trading near 103.41

Jurij Tolin 14:13 2023-02-07 UTC+2

GBP/USD: trading plan for North American session on February 7. Overview of morning trades. Pound drops slightly before BoE decision

In my previous forecast, I drew your attention to the level of 1.2012 and recommended entering the market from there. Let's have a look at the 5-minute chart and analyze

Miroslaw Bawulski 14:12 2023-02-07 UTC+2

EUR/USD: trading plan for American session on February 7. Overview of morning trades. Speculators to increase long positions at 1.0700

In my morning article, I turned your attention to 1.0720 and recommended making decisions with this level in focus. Now, let's look at the 5-minute chart and figure out what

Miroslaw Bawulski 12:15 2023-02-07 UTC+2

EUR/USD and GBP/USD trading plan for beginners on February 7, 2023

The EURUSD currency pair not only managed to maintain its inertia despite the technical signal that the euro was oversold, it managed to stay below the value of 1.0750

Gven Podolsky 10:42 2023-02-07 UTC+2

Trading plan for EUR/USD and GBP/USD on February 7

Although the retail sales data for the Euro area was revised upwards, the number itself is still noticeably worse than the forecast. The rate of decline was expected to slow

Mark Bom 08:43 2023-02-07 UTC+2

How to trade GBP/USD on February 7. Simple trading tips and analysis for beginners

GBP/USD tried to continue the downward movement on Monday, but failed to cross 1.2008. It also failed to enter a strong bullish correction so the pair was flat for most

Paolo Greco 08:38 2023-02-07 UTC+2

How to trade EUR/USD on February 7, 2023. Simple trading tips and analysis for beginners

Overview of Monday trades: EUR/USD continued to decline on Monday but with less volatility. As we have mentioned before, the momentum movement from Friday and Thursday continued through Monday. There

Paolo Greco 07:56 2023-02-07 UTC+2

GBP/USD: plan for European session on February 7. COT report. GBP remains under pressure

Yesterday, traders received just one signal to enter the market. Let us take a look at the 5-minute chart to find out what happened. A breakout and a reverse test

Miroslaw Bawulski 07:43 2023-02-07 UTC+2

Outlook and trading signals for GBP/USD on February 7. COT report. Pound retreats from the collapse

GBP/USD managed to avoid sharp losses on Monday, but still fell several dozens of points. In general, it moved mostly sideways than downward, so we can say that the market

Paolo Greco 07:27 2023-02-07 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.