Fascinating Oscillation on EUR/USD Results in Price Reversal!

Hi everyone, let's review some fascinating price behavior here on EUR/USD based on the weekly seasonality.

Funnily enough, I spotted this behavior last week and already provided a chart with a similar idea. I kept mentioning how the price trend reversed over the weekend and suggest a trade that went along with the trend anyway. My own chart got used against me and the price reversed beautifully according to the behavior and did not follow the trend at all.

In this idea I learn from that mistake and suggest a price reversal trend trade set-up. Every major shift in price trend has started exactly after the weekend.

We have an excellent opportunity to use this information and trade it to our advantage! If you spot the reversal soon after the week starts, you can safely place your positions and trade along with the trend until the week is over.

I suggest to wait after opening to get a confirmation of the move (again, nothing sudden is happening so you will be on time even a few hours later) and then trade according to the direction.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!