On EURUSD, the market not trending on hourly chart. The price formed triangle (it can be pennant in the 4H bars), it means not bears nor bulls are in control the price. It is consolidated and we have to wait the perfect moment to see who gets the control and trade on their side. In this point, wait for the breakout confirmation and then enter.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - trading-library.com
Top 10 Forex Brokers List - best10forex.com
breakoutdaytradeEUREURUSDPennantTriangleUSDwinner

Related publications

Disclaimer