Here is another review of trading using the ATR Zone indicator during the week from January 6 to 10, 2025.
A trade on the currency pair USDJPY. Here we observe an absolutely accurate bounce of the price from the Fibonacci level. The trade was closed by TakeProfit which was set at the level of the average price movement for the day.
There was also a price bounce on the EURUSD currency pair from the lower boundary of the average price movement for the day. The price did not want to leave this level for some time, but still left it, and the trade was closed at the Fibonacci level outlined by the indicator.
On gold trading, the price broke through the level of the indicator, but did not stay behind it for long. The trade was opened when the price exited the zone outlined by the indicator level. TakeProfit was set near the level of the average price movement for the day, which in this case coincided with the Fibonacci level.
One more short bounce of the price from the indicator level on gold.
Another short bounce of the price from the indicator level on gold. This review presents three trades on gold made with the help of the ATR Zone indicator during the week. In trading on gold, the price is very good at bouncing off the levels outlined by the indicator.
Trade with a relatively new-fangled bitcoin instrument which has already become very popular in trading. The price of the cryptocurrency bounced from the Fibonacci level outlined by the ATR Zone indicator, and the trade was closed by TakeProfit at the opposite level of the indicator. The chart shows that the price bounced off this level as well.
See other trading reviews with the ATR Zone indicator
I’m Sergei Ermolov, follow me and don’t miss more useful tools for profitable trading on the Forex market.