Euro / U.S. Dollar
Updated

EURUSD is a ticking timebomb

198
EURUSD has been consolidating after a huge rally, forming a bullish pennant in the larger timeframes. Depending on which side the price breaks out from, enter accordingly. Break upwards? Buy. Break downwards? Sell. TPs are as specified.

Watchout for fake breakouts.

Please do not risk more than 1% per trade。

If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Note
Trade is still not active. As mentioned, watching out for fake breakouts. Still waiting for the opportunity
Note
Trade is active now.
Trade active
TP1 has been hit!

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.