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Yesterday's trading left a very interesting area for sellers. It can be used as a basis when doing the stop-hunting strategy.
Since there is a three-wave pattern (ABC) in which wave A represents today's bullish pressure, players can enter the market by buying up to the 50% ad 61.8% retracement levels, as shown in the picture above. Set stop-loss at 1.03200, then exit on the breakdown of 1.03942.
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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
