FX.co ★ Trading idea for EUR/USD

Good afternoon traders! A trading idea for the EUR / USD pair.

Ahead of the release of preliminary data on US unemployment, a long-awaited false breakout occurred yesterday, which allowed traders to close short positions on the buyers' stops.

Today, the latest data on US unemployment will be published (at 13:30 UTC + 1), on the news of which small players will remove most of their stops.

Trade the EUR / USD pair according to the plan below:

Open long positions and target the level of 1.13500.

Since there is a new initiative now, rely on it for the next trading positions.

This trading idea is based on the "Price Action" and "Stop Hunting" strategies.

Have a successful trading and make sure to control the risks!