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05.02.202010:08 Forex Analysis & Reviews: EUR/USD: cancel the bullish three-wave

Long-term review

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Good afternoon, dear traders! I present to you a trading idea for the EUR/USD pair.

So, yesterday I drew your attention to the emergence of a bullish trend on EURUSD relying on the American buyout on Monday.

Yesterday, these buyers could not resist. There is no evidence that Americans buy with respect to their daily packs, therefore, I consider the bullish trend which began on January 31 from the absorption on D1, completed:

Analysis of American Sessions:

On the other hand, technical traders can see the so-called. "Support-resistance" at the level of 1.10372, and buyers will put stops precisely for it.

In this situation, within the framework of the "hunting for stops" method, I recommend working "from sales" from smaller TFs within a day. While for breakdowns, first 1.10372, then 1.09900 and 1.09800. Or at least to refuse purchases until the Americans begin to buy EUR actively.

Success in trading and control the risks!

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