Trading-Guru

EUR/USD Moving On From Two Successful Trades - SHORT Position

Short
FX:EURUSD   Euro / U.S. Dollar
In this technical analysis I will walk you through the most important horizontal zones on EUR/USD at the moment that have given us great profits so far.

If you recall, the first trade using smaller horizontal zones resulted in a beautiful short as displayed in this idea


In combination with the weekday weekend effect, the price reversed beautifully. We are also entering a new week now so I expect a similar reversal to happen due to weekday weekend effect in confluence with the horizontal zone.

Then, we had a subsequent beautiful trade with the same horizontal zones as the idea I am posting now on the previous idea here with a long position


This just worked out beautifully. I intend to use these zones one more time for a trade that makes use of the scenario where the zones still hold. If it does, we're looking at a 250 pip opportunity here with great risk reward .

I tried to make the chart as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message.

-Trading-guru
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Comments

How would you have charted this? Feel free to post a link to your own idea here as well
+2 Reply
exxxtremely Trading-Guru
@Trading-Guru, thanks for sharing. I love how you described the chart - easy to follow for newbies like me.
Reply
Clearly explained. I'm learning and enjoying it.
Reply
great technical analysis, here's my view
Reply
Thanks for sharing :)
Reply
Brilliant
Reply
Trading-Guru RyodaBrainless
@RyodaBrainless, Thanks Ryoda! So far these trades on EUR/USD have been working out so nicely. Let's hope we can make it a three-in-a-row! 🙏
Reply
I will be posting more of these regularly, so follow me to find out about great trading opportunities
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I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
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I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.
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