Forex_Hoby

EURUSD. Weekly trading levels 13 - 17.05.2024

Forex_Hoby Updated   
FOREXCOM:EURUSD   Euro / U.S. Dollar
We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead.
Last week in the related ideas at the bottom of the post.


During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post.

The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)

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Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.


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Trade active:
We've been waiting for passage to the upper zone all last week)) We got a good reaction
Trade active:
we continue to fall

Trade active:
We passed the news zone. I would like a refund for purchases.
Trade active:
The euro has let us down. Nothing is perfect. The zones were noticed, but widely, there were no rollbacks or entry points. It happens. Other couples compensated for everything) Let's look further.

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