FX.co ★ Trading idea for EUR/USD

The bullish engulfing pattern in EUR / USD hints that the market will continue moving upwards.

In fact, it has formed this wave pattern, which suggests that a 50% retracement should be worked out in order to get huge profit.

This can be done by following this strategy:

Open long positions from current prices and then set the limit at 1.21880.

Of course, players still need to be careful when entering the market. Trading is very precarious, but also profitable if the approach used is correct.

The strategy above uses Price Action and Stop Hunting methods.

Good luck!