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