Late Friday EUR/USD Short Trade
Good evening guys,
It’s Friday night, just ticking over to Saturday morning in Sydney and in the Forex world, that means it’s time to wrap things up.
Living in the crypto world, we forget that traditional markets actually close on weekends and we have to properly assess holding a trade over the weekend.
But when we get golden setups like this with quality higher time frame zones holding, we can’t always be choosy about which day of the week we take our entries on.
Take a look at the resistance zone that we have on EUR/USD here:
EUR/USD Daily
Over and over again on the daily we see a pause and then continuation. Retesting these previous areas of support as resistance.
With the latest higher time frame zone having held, now zoom into an intraday chart and look for a tight entry:
EUR/USD Hourly
Here’s the short term previous support turned resistance that keeps our risk:reward tight.
If these setups present themselves, I take them. Did you?
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
@forexbrokr, good analysis. Helpful to me. I did take the short on EURUSD via the Ichimoku Cloud, and secured major pips! Keep blogging. You gained a new follower!
Thanks CJ. Good to hear that you took the trade.
See you around!