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24.08.202008:43 Forex Analysis & Reviews: Trading idea for the EUR/USD pair

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The third wave in the EUR/USD pair closed with good volatility last Friday, but the main target at 1.17 was not reached. Price even rolled back today to the level of 1.18.

Nonetheless, a fifth wave is being formed today, and the potential movement from the current price towards a breakout of the monthly buy level is 100 pips.

This will happen if short positions are opened within the day, with target profit at below 1.17.

Such is in accordance with the Price Action and Stop Hunting strategies.

Good luck and don't forget to control the risks! Have a nice day.

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