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28.11.2023 10:48 AM
EUR/USD neared the November peak, but did not surpass it, thereby bouncing into a correction. In this situation, sellers may set their risks only below the level of 1.09861.
Looking at the movement, traders may consider short positions and set stop-loss at 1.09263 and 1.08946. Take profit on the breakdown of 1.09861.
The trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.
Good luck in trading and don't forget to control the risks! Have a nice day.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
