EURUSD is currently approaching an area where price may begin forming a short-term consolidation on the 15-minute timeframe.
After the recent upward movement, the market may pause and develop a flag or flat structure, allowing price to stabilize before the next move.
My current expectation is that EURUSD could make one more push higher, potentially breaking the previous high, before we see a reaction from that area.
If that scenario plays out, the market could then shift direction and continue to the downside.
For now, the key thing I’m watching is how price behaves inside this potential consolidation structure.
Things I’m monitoring:
• Development of a flag or flat consolidation
• Break above the previous high
• Possible change in direction afterward
This idea is based purely on market structure and price behavior on the 15-minute timeframe.
After the recent upward movement, the market may pause and develop a flag or flat structure, allowing price to stabilize before the next move.
My current expectation is that EURUSD could make one more push higher, potentially breaking the previous high, before we see a reaction from that area.
If that scenario plays out, the market could then shift direction and continue to the downside.
For now, the key thing I’m watching is how price behaves inside this potential consolidation structure.
Things I’m monitoring:
• Development of a flag or flat consolidation
• Break above the previous high
• Possible change in direction afterward
This idea is based purely on market structure and price behavior on the 15-minute timeframe.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.