FX.co ★ Trading idea for EUR/USD

EUR / USD left a lot of debts in the market.

But since the bullish trend is still relevant in the D1 chart, traders could still work for an increase. However, it should be according to the plan below:

Since the euro formed an ABC pattern, where wave A is the bullish initiative on Thursday and Friday, traders can set up long positions from 1.21-1.208, the target of which is a 50% retracement. Limit risks at 1.20500, and then take profit as soon as the quote breaks through 1.21700 and 1.21900.

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!