Currently, there is a three-wave pattern (ABC), in which wave A represents the buying pressure from early this week. Traders can enter the market by opening long positions from the 50% retracement level, with stop-loss set at 1.07200. Exit by taking profit upon the breakdown of 1.09300.
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.
