20.11.201910:27 Forex Analysis & Reviews: Trading idea for EURUSD

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Good day, dear traders! I present to your attention a trading idea for the EURUSD pair.

As you may have noticed, I have been forecasting the growth of the euro since last week, and yesterday I described this idea in some detail. But today I decided to dwell in more detail on the events that may occur before the breakdown of the nearest goal.

So, yesterday did not show positive dynamics for the EURUSD pair, moreover, it formed a "double bottom" inside the day for the Asian and American sessions. These are the premises of a false breakdown. I believe that large players specifically do this to gain liquidity about the obvious stops of the medium-term. Such games often occur near "beautiful levels" before their breakdown. I call this "provocation before the breakdown." I think this will happen soon and this can be used to our advantage. In particular, to go into the purchase with a false breakdown on smaller timeframes, thereby increasing the profitability of the transaction with a fixation on the two goals shown in my chart:

Good luck with trading and see you at the evening idea!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.