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24.06.2022 11:18 AM
Trading tips for EUR/USD

Just like in the previous days, EUR/USD close lower after the US trading session.

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This bearish momentum can be used as a guide when trading in the market today.

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Given that there is a three-wave pattern (ABC), where wave A represents the selling pressure yesterday, traders can sell from current prices up to the 50% retracement level. Set stop loss at 1.06 and take profit on the breakdown of 1.03300.

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This strategy is based on the Price Action and Stop Hunting methods.

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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