EURUSD: this pair is currently consolidating, I wouldn't recommend being involved in these types of ranging markets.
I'm waiting for clear break and /or confirmation of direction, since price failed to break recent lower fractal lows, this tells me it will likely sweep recent highs, (marked with red line) before short continuation.
To enter that trade we will wait for lower timeframe ChoCh (change of character) then enter on retracement
I'm waiting for clear break and /or confirmation of direction, since price failed to break recent lower fractal lows, this tells me it will likely sweep recent highs, (marked with red line) before short continuation.
To enter that trade we will wait for lower timeframe ChoCh (change of character) then enter on retracement
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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.