Forex Analysis & Reviews: Trading idea for EUR/USD
time 08.12.2022 09:49 AM
time Relevance up to, 09.12.2022 09:06 AM

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As a result, yesterday's trading day ended with sales in the American session, taking sellers' stops simultaneously. You can now choose yesterday's short impulse on America as a short initiative. The market rolled back by 50% from yesterday's sales before the start of the European session, creating profitable opportunities for working downward.

We have an "ABC" structure with three waves, with yesterday's quick initiative serving as the first wave.

I suggest taking into account short positions with a rollback of 50% on "Fibo" following the plan depicted.

Risks are capped at $1.0550 or limited to losses during the day when a microtrend breaks.

The break-even point for the profit should be set at 1.04383.

The "Price Action" and "Stop Hunting" methods frame the trading concept.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2023
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