Let's Discuss this..

FX:EURUSD   Euro / U.S. Dollar
EURUSD on H1 hit a side-way consolidation, what's your call and strategy on this?

Will you or will you not engage a trade?

Why so?
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I see a Gartley forming
Yes. It looks poised for a breakout.
1) The rest of risk on currencies (GBP, AUD and NZD) has rallied more than EUR.
2) Believe it would test for the upside towards 1.1705 before it drops.
this is my view.
I was a false breakout of the trendline yester and it's been bear trapping sellers since the false breakout so far.
As a result of false breakout, I believe it will retest R/S level once again before it can actually drop down, while the trendline is becoming narrow forming a ascending triangle, it is very close to its triangle's peak now.
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