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DzenTrader
Feb 9, 2018 10:39 AM

EURUSD is in consolidation area Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is in balance now.
There are 2 options in this case:
1. Trade from the balance level in the previous trend direction. (previous - down trend)
2. Trade after consolidation will be break up/down.
If the prise stays within balance it is a good idea do not trade at all, otherwise you'll get a loss.

Trade recommendations:
1. Sell after balance high level will be false broken.
2. Waiting for balance will go down then we'll sell it on correction to balance level.

Order cancelled

It looks like a false break down
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