FX.co ★ Trading tips for EUR/USD

Good day, traders! EUR/USD is showing an upward movement, following a prolonged flat a week before. This opens up a potential for a brief correction or reversal.

Now, there is a three-wave pattern (ABC), in which wave A is a representation of the bearish pressure in mid-April. Traders can enter the market by taking short positions from current prices up to the level of 1.10754. Exit by taking profit upon the breakdown of 1.09100.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and don't forget to control the risks! Have a nice day.