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Ck-Fx
Aug 21, 2020 7:57 AM

Trade with caution! 

Euro Fx/U.S. DollarFXCM

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Hi Guys!

So potential short term sell here if you wanted to be aggressive with your trading you could wait for a break of a HS pattern for a re test of the lows.

Ultimately we are in CONSOLODATION!! RSI is showing some hidden divergence so tight stops are essential

We are sitting around a 618 fib level from A 1W perspective so I would expect some sort of relief from this bullish uptrend but we may not get it immediately.

On the more conservative side if you are looking to short the market i would wait for a break and re test of the consolidation pattern to short.

THE MARKET IS STILL BULLISH!!
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