TRADE UPDATE #2: EURUSD: SELL@1.09380 BIg Move +462 pips

FX:EURUSD   Euro / U.S. Dollar
2341 7 30
TRADE UPDATE: Closed the trade for +462 pips profit.

In my previous posts on this pair, I presented 2 scenarios:
1. A POSSIBLE Triangle Forming ((I) FULL ANALYSIS: EURUSD: Bat Shows Down. But First...Triangle!)
2. Prices dropping down ((O) FULL ANALYSIS: EURUSD: Getting Set For Yet ANOTHER Big Move!)

In BOTH scenarios, I had prices dropping. It was just a matter of how it was to do it. This is what I had to say in my post: "it is more than likely going to go lower into the G-Zone levels between .618 - .886":

Also in those posts, I mentioned that I and my members were in a SHORT trade on this pair playing that drop. Well, unfortuanately, I closed it TOO EARLY in going with the possible Triangle scenario! I was trying to be too cute in taking some profits and then trying to go SHORT again after what I thought would be a bounce back up off a MAJOR SR Structure. It didn't happen and prices just DROPPED as I thought it would. But since I closed out the trade, I didn't catch the whole drop.

According to my scenario, we still have MORE to go on this drop. In fact, we are only a little more than half way through it. The best play here is to wait for some pull back and then SELL again. That is what I am waiting for. Preferably a pullback into the MAJOR SR Structure that was broken.

Since I am out of the SHORT trade I had on before, I have been waiting for prices to make a pullback into that SR Zone before going SHORT again. And I am still waiting.....
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+1 Reply
sl ?
+3 Reply
BerkTurker79 UmrazAhmed
Sl short position on 106925
BerkTurker79 BerkTurker79
this is not investment advice.
Walentine BerkTurker79
no? and what is that?
AGREE , nice working
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Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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+1 Reply
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