The EUR/USD is currently exhibiting Type 2 trend behaviour on the H1 & H4 timeframes, meaning that greater care is need to time your entries and exits. This new trader managed to time it pretty well, shorting the EUR/USD just as it was near the turning point, catching over 90 pips in just 40 minutes.
This trade basically combines behavioral analysis and the important concept of trading zones, which are areas of high probabilities that the Big Players will start stepping in. We can use this to our advantage.
This kind of setup works for all markets as well, and next week, when I give my preview, I will be showing how entry-timing and timely profit-taking works for both stocks and forex to maximise returns. I will also be providing a market outlook on the stock and forex markets, and sharing some exclusive trade ideas which you won’t find on the blog.
If you are interested to find out more, please register here.