For Traders

Analytical Reviews

Trading plan

27.09.202210:41 Forex Analysis & Reviews: Trading tips for EUR/USD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

After a prolonged fall and consolidation below parity, euro traded sideways, forming a flat market. The only thing that could change this is if buyers enter the area where sellers are and work out a movement according to the following scheme:

Since previous movements form a three-wave pattern (ABC), where wave A represents bullish pressure, traders can enter the market by buying from a false breakdown up to the 50% retracement level. Set stop loss at 0.96 and 0.95800, then exit the market on the breakdown of 0.97 and 0.99.

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.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.