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02.12.202210:38 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.

Exchange Rates 02.12.2022 analysis

Yesterday's trading plan was all about increasing EUR/USD to continue the bullish momentum that started after Powell's speech.

Plan:

Exchange Rates 02.12.2022 analysis

There was also a buy signal for the M1 TF, which has a stop order of 100 points.

Exchange Rates 02.12.2022 analysis

The target movement happened during the European and US sessions, when the pair rose and broke through the level of 1.05.

Exchange Rates 02.12.2022 analysis

Congratulations to those who followed the strategy! Euro gained as much as 1,000 pips. The profit/loss ratio was 10:1.

To those who have not closed their positions yet, you should do so at current prices.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko
Analytical expert of InstaForex
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