EURUSD now showing signs of consolidation inside the highlighted trendlines.
There are only 3 possible outcome from this situation:
1) market consolidating inside the triangle
2) but a convincing break towards the upper trendline will expose EURUSD to uptrend potential
3) however a break below the lower trendline will further invite strong selling pressure to EURUSD.
Plan the outcome, Plan your trades and trade your plans.
This is not a buy/sell call.
There are only 3 possible outcome from this situation:
1) market consolidating inside the triangle
2) but a convincing break towards the upper trendline will expose EURUSD to uptrend potential
3) however a break below the lower trendline will further invite strong selling pressure to EURUSD.
Plan the outcome, Plan your trades and trade your plans.
This is not a buy/sell call.