A perfect scenario for this week trading setup on EURUSD will be a retracement back into the consolidation zone(grey box) and giving us a long shadow candle for us to engage for a shorting opportunity.
It will be better if the trade stretch towards the harmonic patterns, in this case the bullish crab pattern that was a perfect buy zone as it is on the support level on both the daily and 4-hourly chart and that puts it as as a trend trading opportunity.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.