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 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
Analysis of Wednesday's Trades 1H Chart of GBP/USD The GBP/USD pair also continued moving north on Wednesday, although there were no local reasons for this. Nevertheless, the British pound keeps
Analysis of Wednesday's Trades 1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair continued its upward movement. It was not a strong rise, but it was upward, in line
On Wednesday, the GBP/USD currency pair continued its upward movement, despite the absence of significant reports, news from Donald Trump, and fundamental events during the day. Once again, we draw
On Wednesday, the EUR/USD currency pair continued its upward movement, despite the absence of any important events or reports during the day. However, the broader fundamental backdrop — driven
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