Good afternoon traders! A trading idea for the EUR / USD pair.
An incomplete absorption occurred on the daily chart yesterday, which captured the stops of the bears over the last two trading days. This suggests that the current trend will continue:
Thus, euro bulls are trapped today at the level of 1.121, in which it is incredibly convenient to hide their risks. Use stop hunting strategy to form a classic ABC wave pattern from 1.12 in the hourly chart.
H1:
Take yesterday's trading as wave "A" and open sell positions at a rollback from the short-term initiative yesterday. Take profit when the quotes breakout of 1.12.
Cancel the short scenario if the quotes breakout from yesterday's high.
The profitability of the idea is 1/2.
Good luck in trading and make sure to control the risks!
