After offering multiple SELL opportunities over the last year, the EURUSD pair is consolidating once again on the daily timeframe. Similarly, the RSI Exhaustion at the bottom is consolidating.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
Comment
⋅
After a valid breakdown, the pair has rapidly reached the Take Profit level. TP was set using the same length of the last impulse (orange lines). Total profit: 2.11x