See also
The trading plan presented yesterday was about decreasing the price of EUR/USD.
This was due to the latest inflation report in the US.
As soon as the news was released, the pair went down and reached the target levels for short positions.
Congratulations to all those who followed the strategy! The price movement was as much as 1,000 pips. Traders can now close their positions for profit.
The plan was based on the "Price Action" and "Stop hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
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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 Wednesday's Trades 1H Chart of GBP/USD The GBP/USD pair showed no notable movements on Wednesday. After Jerome Powell stated the need for more time to assess the full
Analysis of Wednesday's Trades 1H Chart of EUR/USD The EUR/USD currency pair continued to trade within the sideways channel on Wednesday, which is visible on the hourly timeframe
On Wednesday, the GBP/USD currency pair continued trading within a sideways channel, clearly visible on the hourly timeframe. There was virtually no movement throughout the day, and no fundamental
On Wednesday, the EUR/USD currency pair continued to trade in the same flat range. The 1.1274 and 1.1426 levels bound the broader sideways channel, while the narrower channel ranges between
In my morning forecast, I highlighted the 1.1379 level and planned to base market entry decisions around it. Let's look at the 5-minute chart to understand what happened. A rise
Analysis of Tuesday's Trades 1H Chart of GBP/USD The GBP/USD pair exhibited a notable upward movement on Tuesday, although it remains within a sideways channel that may not be immediately
Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair traded completely flat. Throughout the day, there were no significant reports or events either
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