EURUSD - Two Perspectives - One Result

2020-01-23 01:05:17

Hi Traders,

the market was in a very strong uptrend.
The resistance level was at around 1.11800.
Then the market broke out and is now in a consolidation area.
It is still possible that the breakout is just a false break and it could return back into the triangle!
We have to wait for a proper break of the consolidation
or for a retest.
The SHS makes the potential break even more powerful.
https://www.tradingview.com/x/hZkckFNs/
We recommend to sell the market at the area and neckline break.

Thanks and good luck :)!