On the intraday charts the EURUSD has entered a consolidation of 65 candles.
Something is happening here, maybe its distribution. If so, then the Wyckoff Pattern may be pertinent.
It appears the Spring has been executed and price moving into a phase to test last resistance before a potential break to the downside.
The sentiment on this pair remains bearish .
Look for selling pressure on a LTF to confirm a potential Last Point of Resistance , before taking a short.
Something is happening here, maybe its distribution. If so, then the Wyckoff Pattern may be pertinent.
It appears the Spring has been executed and price moving into a phase to test last resistance before a potential break to the downside.
The sentiment on this pair remains bearish .
Look for selling pressure on a LTF to confirm a potential Last Point of Resistance , before taking a short.