I think the chart tells it all, after breaking a huge triangle on the weekly chart (golden lines), market created a new triangle below the breakout point (violet triangle), you can say it is some kind of an continuation pattern.
After the bazooka from draghi last week, euro moved sharply lower, we have been consolidating for about 48hours, and i personally think we are going to break out lower pretty soon.
If you like to take a very aggressive approach on this position like me, there is a sell opportunity on lower timeframes:
Sell 1.4200/4190
Stop 1.4220
1. Target 1.4000
2. Target 1.3800
Use a trailing stop locking in eventual profits.
After the bazooka from draghi last week, euro moved sharply lower, we have been consolidating for about 48hours, and i personally think we are going to break out lower pretty soon.
If you like to take a very aggressive approach on this position like me, there is a sell opportunity on lower timeframes:
Sell 1.4200/4190
Stop 1.4220
1. Target 1.4000
2. Target 1.3800
Use a trailing stop locking in eventual profits.