EURUSD market consolidation breakout

13 thg 1, 2022

EURUSD over the past days has formed a consolidation pattern after a long downward trend of the market, upon closer inspection, it is observed that the pair has formed an ascending triangle and it seems like the EURUSD market has broken the chart formation, while breaking the chart it formed an RBR demand zone and possibly there might be a revisitation to the zone and at that point, it'll become a retest, after such my intention will be to wait for confirmation such as buying pressure inorder to go long on the trade.

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