empty
 
 
10.09.2021 12:08 PM
Trading idea for EUR/USD

This image is no longer relevant

As expected, the ECB press conference yesterday halted the fall of EUR / USD around 1.18.

This image is no longer relevant

This is ideal for bullish investors because the sell stops are at 1.19 this month. It would be unprofitable if sellers continue shorting the pair.

Thus, it is best to take long positions and push the price up.

This image is no longer relevant

To be more specific, since there is a three-wave pattern (ABC) where wave A represents the buying pressure observed on August 20, investors can open long positions along the entire wave C shown in the chart. Then, take profit on the breakdown of 1.19.

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback