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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

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

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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
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