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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!
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