Eurusd has been consolidating since december opening.. Well its nothing new in the forex market. As consolidation is part of the market behaviour.
So, , currently we looking at technical, analysing for markets next resistance action, because after consolidation comes trending, and thats well we would wanna catch the signal on time so we ride the trend too.....
Price rejection Candlestick was formed On my support level
Buying immediately after closing a previous trade.. Expecting bulls To pushing price to my take profit level. Expecting big from the market,🤑 christmas closing in 😅
Activating sell position on this analysis. We expect price to reach level before wed(nzd bank interest rate will be released) . Expecting rate to change the direction of the trend. Tho! Too quick to predict Better we wait then we watch market's reactions before the news is released too get a better sentiment.
A break and close of this 4hr candle, shows sentiment that usdcad may reach that higher resistance as indicated on the chart. Well, as for trading nothing is perfect, we'll follow this sentiment, if the market complete follows the rules.😌