empty
 
 
22.10.2021 10:11 AM
Trading idea for EUR/USD

This image is no longer relevant

Good afternoon, dear traders! Let us take a look at the new trading idea on the euro/dollar pair.

The euro/dollar pair dropped from the resistance level of 1.16600 two times. It is quite possible that sellers will focus on this level. Judging by the long impulse of the previous two weeks, we may try to predict where they are likely to place stop orders

This image is no longer relevant

We see the "ABC" three-wave structure, where the long opportunity from October 11-19 acts as wave A.

Long positions could be opened after a drop from the 61.8-50% Fibonacci level.

A stop loss order could be placed at 1.15700. It is better to lock in profit two times.

We can lock in the better part of our profit after the price breaks the level of 1.16700 and then after a break of 1.19000.

Notably, it is not recommended to open short positions in the mid term.

The trading idea is based on such strategies as Price Action and Stop Hunting.

I wish you profitable trading! Do not forget to apply the risk management strategy!

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 $6000 more!
    In December we raffle $6000 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