FX.co ★ Trading tips for EUR/USD

Yesterday's trading left a very interesting area for sellers. It can be used as a basis when doing the stop-hunting strategy.

Since there is a three-wave pattern (ABC) in which wave A represents today's bullish pressure, players can enter the market by buying up to the 50% ad 61.8% retracement levels, as shown in the picture above. Set stop-loss at 1.03200, then exit on the breakdown of 1.03942.

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.