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Yesterday's trading left a very interesting area for sellers. It can be used as a basis when doing the stop-hunting strategy.
Since there is a three-wave pattern (ABC) in which wave A represents today's bullish pressure, players can enter the market by buying up to the 50% ad 61.8% retracement levels, as shown in the picture above. Set stop-loss at 1.03200, then exit on the breakdown of 1.03942.
This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.