Good afternoon traders! A new trading idea for the EUR/USD pair.
Yesterday, Stop Hunting strategy was suggested in which stops were placed in the level of 1.13500. However, Wednesday closed with an absorption in the daily chart, so the long scenario for the EUR/USD pair is now canceled. The last chance to increase the quotes is through a false breakout from Tuesday's low, which occurred right now:
The profit / risk ratio in such a situation is very attractive. In addition, the quotes are currently within the long initiatives formed on Monday and Tuesday, which can be taken as impulses.
Hence, open long positions in this area, and if the false breakout does not hold, keep the longs below the false breakout on Tuesday.
Have a successful trading and make sure to control the risks!
