anthony.pham00

All Currency Pairs -Consolidation Leads to Expansion

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
47 0 4
Hi All,
Expecting a major move in the short term (don't know when exactly but its close). All pairs have been in a period of consolidation.

Multiple patterns setting up since my last update. Until the market gives me a reason, then I cannot tell where this can go. However it will do one of the following:

1. A breakout to the upside, followed by a retest of structure then a push up.
2. Price breaking down below structure and a continuation to the downside.
3. Price breaking down below structure, putting in a reversal pattern before recovering for a move up.

Either way, most currencies are in some form of consolidation or wedge pattern.
Consolidation always leads to expansion...we'll find out soon.

If the market does this, then I will do that. Which ever way to market goes, it does not matter because we will know where to might look to go before reversing in our favor.

CHeers
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