empty
 
 
02.07.2020 10:23 AM
Trading idea for EUR/USD

This image is no longer relevant

Good afternoon traders! A trading idea for the EUR / USD pair.

Ahead of the release of preliminary data on US unemployment, a long-awaited false breakout occurred yesterday, which allowed traders to close short positions on the buyers' stops.

Today, the latest data on US unemployment will be published (at 13:30 UTC + 1), on the news of which small players will remove most of their stops.

Trade the EUR / USD pair according to the plan below:

This image is no longer relevant

Open long positions and target the level of 1.13500.

Since there is a new initiative now, rely on it for the next trading positions.

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

Have a successful trading and make sure to control the risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $8000 more!
    In March we raffle $8000 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

Can't speak right now?
Ask your question in the chat.
Widget callback