Sunday, March 18, 2018

EURUSD - waiting to see what happens

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EURUSD moved down recently making lower lows and lower highs on the H1 timeframe.  It is currently consolidating on the M15 timeframe.

I'll keep an eye out to see if it moves below 1.2260 and if any good risk reward situation sets up.

Note that it is Sunday evening so we'll see what happens when London opens.  Also, previous support was in this area and the H1 looks like an ABCD completion (ABCD isn't part of my rules but I like to make a note of it).  Not rushing into this one yet.

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