davidleekuanyong

EURUSD consolidating for strong trend

FX:EURUSD   Euro / U.S. Dollar
EURUSD now showing signs of consolidation inside the highlighted trendlines .

There are only 3 possible outcome from this situation:

1) market consolidating inside the triangle

2) but a convincing break towards the upper trendline will expose EURUSD to uptrend potential

3) however a break below the lower trendline will further invite strong selling pressure to EURUSD .

Plan the outcome, Plan your trades and trade your plans.

This is not a buy/sell call.

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