EverythingForex

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

FX:EURUSD   Euro Fx/U.S. Dollar
2340 7 31
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.

MY TRADE PLAN
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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Though I may not post here quite as often like before, I do continue to post much more to my own Facebook group (where I can BAN any TROLLS!). So if you would like to continue to see more of my posts as well as some of my trading tips, join my Facebook group at: www.facebook.com/efxselect

If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to: efxselect.com for more info.

**NOTE**
My members caught this trade from the very top and several other trades just like it! Join the fun! www.efxselect.com

*DISCLAIMER:
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!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
+1 Reply
BerkTurker79
11 months ago
AGREE , nice working
Reply
UmrazAhmed
11 months ago
sl ?
+3 Reply
BerkTurker79 UmrazAhmed
11 months ago
Sl short position on 106925
Reply
BerkTurker79 BerkTurker79
11 months ago
this is not investment advice.
Reply
Walentine BerkTurker79
11 months ago
no? and what is that?
Reply
stevendave
11 months ago
nice.
EURUSD LONG ELLIOTT WAVE ZIGZAG COMPLETE

+1 Reply
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