A Value Area is a area where both buyers and sellers BOTH AGREE that the current price of the "Currency" , Stock, Commodity, Etc is a FAIR PRICE! Eur/Usd is in one of these areas and a breakout is about to happen *MOST LIKELY TO THE DOWNSIDE* (See Daily Chart) These Value Areas are some of the most fun and powerful trades any breakout trader could ask for because we know exactly how to set our sell limit, and buy limit orders to catch the breakout no matter which area price moves!
So set your limit orders! After the breakout of the value area, it will be a very powerful breakout probably throwing you around 10 to 15 pips in profit immediately after your limit order is triggered!
Happy Trading!
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If you look closely, the consolidation is pointed more downward... this means that most likely we will get a break to the downside!