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25.05.202011:38 Forex Analysis & Reviews: Trading idea for EUR/USD

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Good afternoon! A trading idea for EUR / USD:

Using the "Stop Hunting" method, increase the pair slightly above the round level 1.1, which is the high for May, and is a double top. Such position is a good place to put stop orders, within the framework of the ABC pattern shown in the graph below:

On the lower time frames, quotes are slightly below the last Fibonacci retracement level 38.2%.

Wait for an impulse that will bring the quotes to the round level 1.09. Open buy positions from a rollback, and hold it to the monthly high above the round level 1.1.

Wave "A" was formed due to the news of an EU bond worth €500 billion, voiced by Emmanuel Macron and Angela Merkel last week.

Good luck!

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