FX.co ★ Trading idea for EUR/USD

EUR / USD plunged after the Fed released protocols for its July meeting. It confidently broke through the yearly high, as presented in the article last August 16 .

Plan:

Result:

Congratulations to those who followed the recommended strategy and took short positions, as well as those who closed or limited long positions during this period.

And since the decline was as much as 1,000 pips, bearish traders can already close 2/3 of the positions.

The rest will be allocated to the second target which is 1.16 (2020 low).

Good luck and have a nice day!

(Price Action and Stop Hunting methods were used to formulate this scheme)