FX:EURUSD Euro Fx/U.S. Dollar
I am now going to be closing this trade because of my recent analysis on this pair about a possible forming and also PA at this point to form the D Leg of the triangle. Also, with the upcoming news events this week, more consolidation is forthcoming and any kind of trend developing is highly unlikely. This favors a triangle consolidation forthcoming. So no need to stay in for now. I'll sit with a +28 pip gain and see what develops for now. I may still get in LONG for the E leg of the triangle but I'll watch the PA to see if there is a good opportunity here. Otherwise, I'll look for the completion of the E leg to see about going SHORT.
Don't take my comment the wrong way, bro. I just don't anyone to think just becoz my chart is showing that, doesn't mean it's going to happen. It MAY happen but at this point, there's not enough evidence to think that. There's just enough evidence for me to decide to close the trade is all. Nothing more than that.