Trading review for the week from December 2 to 6, 2024 based on the ATR Zone indicator

Here is another review of trading using the ATR Zone indicator during the week from December 2 to 6, 2024.

During the trading on this currency pair, the bounce from the first level was not developed, and the trade was closed at the StopLoss. There was a second attempt to open a trade on the price return to the limits of the average daily move, which eventually brought profit.

 

 

On this currency pair we can see almost the same situation that was on the first pair. The first time the bounce did not get its development, but as a result it closed with a small plus on the return movement to the entry point. The second trade, opened on the price return to the limits of the average daily move, brought profit.

 

The trade on EURGBP was opened on the price exit from the zone delineated by one level of the indicator. TakeProfit was set at the average level of the daily move and the trade closed with a profit.

 

The situation on EURCHF repeats the previous pair. The trade was opened on the exit from the zone outlined by the indicator level.

 

Trading on Etheteum was accompanied by a bounce from the level. The trade was closed with a profit.

 

During the trading on this currency pair the price exactly bounced from the lower level and was closed at TakeProfit, which was set at the next level of the indicator. The next bounce was already from the upper level, but the trade was quickly closed with a small plus.

 

The trade on EURUSD had a significant potential, but it was closed with a smaller profit.

 

Here we can see a bounce from the indicator level, and again the trade closed with a profit.

 

Conclusion:

The trading that was conducted during the week with the help of ATR Zone indicator was effective and profitable. The indicator was used to determine entry points based on the bounce from the levels, or trades were opened at the exit points from the zones delineated by the levels. The indicator was also used to determine the levels of profit fixing.

I’m Sergei Ermolov, follow me and don’t miss more useful tools for profitable trading on the Forex market.