Good afternoon traders! A trading idea for the EUR / USD pair.
Price dropped according to the plan presented last August 10 , at which short positions were traded to pull down the EUR / USD pair in the market.
The main movement occurred yesterday during the US session, in the form of strong short-term initiatives in the hourly chart.
To continue the bearish momentum of quotes, hold or enter new short positions with sell limits at 1.18300, targeting a drop and breakout in the level of 1.17. Such will provide profit up to 1,400 points. Control risks so as to avoid losing profit.
This setup uses Price Action and Stop Hunting strategies. Good luck!
The material has been provided by InstaForex Company - www.instaforex.com