Get started
MrDons

EURUSD in consolidation phase. wait for breakout

Euro / U.S. Dollar (FX:EURUSD)  
MrDons Updated   
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns Trend Analysis consolidation
6
0
chartpattern trendanalysis consolidation
After bullish mode for 17 days, bull resting and market sideways, evident by key levels top and below
i rather wait for breakout rather than guessing where to go next.
Whichever bull/bear, i follow and ride along.


for now.. i wait. like gargoyle.

snapshot
Comment:
In 2H chart, there are HNS chart pattern. I take short once CS break and close under Neckline.

snapshot
Comment:
Failed Head and Shoulder pattern, is simply a continuation pattern.

SL with additional protection is below previous resistance breakout.

Strategy: long.

Risk, 2%~3%.

snapshot
Everybody has a plan until they get punched in the face
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.