Good afternoon, dear traders! I would like to present to all of you this trading idea for EUR USD.
So, yesterday there was an interesting event from the point of view of candlestick analysis for D1- daily absorption:
The initiator of this event was the American session where almost all instruments were weakened by the US dollar.
I'm suggesting that you work for a promotion according to the following scheme:
In fact, we have a three-wave structure "A B C", where the wave "A" is yesterday's American session.
If the price will roll back to the area of 50% by "Fibo", we recommend working for an increase in order to update the quotes of 1.21600 and 1.21800.
The risks are limited to the minimum of yesterday's US session at the quote of 1.20700.
The profitability of the transaction is 1.5 to 1.
Success in trading is at your risks!