EURUSD From 04/18-04/21 or even a little longer in case the market decides to consolidate, to figure out the next move, we may see a trend change. It could be a lengthy reversal, or it could also be short. The point is: at the tangent of the ellipse, as shown on the chart with the dotted vertical lines, there will possibly be a market reaction. This is just my opinion, and it is for educational purposes only. Trade safely and always place a stop loss no matter what. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.