empty
 
 
02.01.2023 12:33 PM
Trading tips for EURUSD

This image is no longer relevant

The last trading day of 2022 closed with good trades, which received a negative reaction at the end of the Asian session. This is a recurring phenomenon when a year ends and another one starts. I propose a downward trading idea along the lines of:

This image is no longer relevant

In fact, there is a three-wave pattern (ABC) in which wave A represents the bearish initiative during the Asian session.

I suggest you consider short positions with a pullback of 50% Fibo according to what is shown above.

The risks are limited to 1.07130. Profit should be locked in at the breakdown of 1.06355, 1.05700 and 1.04400.

This trading idea is based on the "Price Action" and "Stop hunting" methods.

Good luck! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In October we raffle $1000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback