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!
