I think the EURUSD will be consolidating for the next days at least to Wednesday due to bank holidays and before the FOMC statement. A potential triangle is forming at D1 chart.
I prefer to use harmonic in confluence with other reasons to validate an entry. Here on 4H chart we can see a bearish gartley pattern almost completed. Other confluece reasons:
- trendline resistance - R1 pivot resistance - D1 EMA 55 level acting as resistance - strong psycholevel 1.1000 (to protect the SL) - double bollinger band correction (no shown on the chart)
Best regards
Comments
boyan.ivanov.96
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nice i have something similar
FullTimeTrader
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Very interesting, we can trade that cypher as an agressive C entry also. The point D of the cypher would be our target.