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EURUSD Trading Idea - Bears' Trap

EURUSD Trading Idea - Bears' Trap

Good day, dear traders! I present a trading idea for EURUSD.

After a fairly long fall of the instrument and especially the pound's overnight collapse on Monday, which pulled many pairs, the instrument shows the first signs of correction with several targets to choose from at once, which you can take part in capturing right now:

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EURUSD Trading Idea - Bears' Trap

In fact, we have a three-wave "ABC" structure, where the "A" wave is the day's long initiative. I propose to consider long positions of a complex breakdown of 0.96200 according to the scheme presented on the screen above. Limit the risks with a false breakout of 0.96. Take profit on the breakdown of 0.97 and 0.99. The trading idea is presented within the "Price Action" and "Stop Hunting" methods. Good luck in trading and control the risks!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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