A EUR/USD breakout is imminent (Weekly)
I've been closely observing the EUR/USD price action on both the daily and weekly charts, and it looks like a major move is imminent.
Price is getting squeezed within that diamond pattern, and the best strategy right now is to stay flat and keep observing.
Once I can identify the direction, I'll be on the lookout for divergence at key support and resistance areas to start initiating positions in the direction of the price trend.
Price is getting squeezed within that diamond pattern, and the best strategy right now is to stay flat and keep observing.
Once I can identify the direction, I'll be on the lookout for divergence at key support and resistance areas to start initiating positions in the direction of the price trend.
•NYC Trader with 15 Years of Trading Experience
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