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30.01.2024 03:34 AMEUR/USD tested last week's low but did not manage to break it. This formed a double bottom, which indicates the consolidation of buyer liquidity.
Looking at this, market players could consider short positions with a pullback towards the breakdown area. Set the stop loss at 1.08508 and take profit upon the breakout at 1.08135.
The trading plan 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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