See also
The previous trading plan for EUR/USD talked about a potential increase in prices.
Yesterday, during the US session, the pair surpassed the weekly level of 1.09, leading to the closure of long positions.
Congratulations to everyone who followed the strategy! Euro gained as much as 1,000 pips. Close long positions now to get profit.
The trading idea followed the framework of the "Price Action" and "Stop Hunting" strategies.
Good luck in trading and don't forget to control the risks! Have a nice day.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Analysis of Monday's Trades 1H Chart of GBP/USD On Monday, the GBP/USD pair also traded lower and broke through its ascending trendline. After two weeks of growth, a technical correction
Analysis of Monday's Trades 1H Chart of EUR/USD On Monday, the EUR/USD currency pair began a new wave of decline, which had nothing to do with fundamentals or macroeconomics. During
On Monday, the GBP/USD currency pair declined slightly, but this was enough for another test of the ascending trendline. In principle, the British currency has been rising for more than
The EUR/USD currency pair showed ultra-weak movements on Friday and Monday. There was hope that traders would partially recover during the U.S. session yesterday, especially after the historic meeting between
Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair also traded higher on Friday, though with minimal volatility. Three U.S. reports failed to trigger any reaction from traders
Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded higher on Friday, but solely on "pure" technicals. There were no notable events or reports
Analysis of Thursday's Trades 1H Chart of GBP/USD The GBP/USD pair also corrected slightly lower on Thursday amid the high PPI reading. As we have already mentioned, even such
Analysis of Thursday's Trades 1H Chart of EUR/USD On Thursday, the EUR/USD currency pair traded lower. Four macroeconomic reports were published during the day, three of which had no impact
On Thursday, the GBP/USD currency pair also traded lower, with the U.S. Producer Price Index being the main driver. Initially, we assumed that this indicator was unlikely to provoke
On Thursday, the EUR/USD currency pair showed a decent decline, which fully aligns with the current technical picture. It should be noted that an uptrend does not mean the price
Graphical patterns
indicator.
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