Trading Conditions
Products
Tools
EUR/USD neared the November peak, but did not surpass it, thereby bouncing into a correction. In this situation, sellers may set their risks only below the level of 1.09861.
Looking at the movement, traders may consider short positions and set stop-loss at 1.09263 and 1.08946. Take profit on the breakdown of 1.09861.
The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.
Good luck in trading and don't forget to control the risks! Have a nice day.
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.