TomProTrader

#EURUSD: In Tight Range After BO, Potential Short

FX:EURUSD   Euro / U.S. Dollar
11
EURUSD looks like it's in tight consolidation after breaking sideways resistance and after testing horizontal resistance and the sideways support/resistance transition line. If it breaks out of sideways consolidation it could be an incredibly obvious short trade, as breaking the consolidation confirms immediately that the aforementioned bearish sentiment has confirmed.
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.