Kereskedési feltételek
Products
Eszkozok
Good afternoon! A trading idea for EUR / USD:
Using the "Stop Hunting" method, increase the pair slightly above the round level 1.1, which is the high for May, and is a double top. Such position is a good place to put stop orders, within the framework of the ABC pattern shown in the graph below:
On the lower time frames, quotes are slightly below the last Fibonacci retracement level 38.2%.
Wait for an impulse that will bring the quotes to the round level 1.09. Open buy positions from a rollback, and hold it to the monthly high above the round level 1.1.
Wave "A" was formed due to the news of an EU bond worth €500 billion, voiced by Emmanuel Macron and Angela Merkel last week.
Good luck!
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.