Consolidation | 11 November 2015

11 November 2015, EUR/USD

Daily chart: upward swing is not ready now, there is no crossing here. That means that there will be some correction here. False IB breaking is also mean some upward correction.

Consolidation

H1: The structure is consolidating now. To enter the market you’d better wait for new up swing(it shouldn’t break 1.0773), for long positions – wait for down swing(it shouldn’t break 1.0673 level).

Consolidation

Scenarios: so, wait for consolidation (it can update new High). You should trade with H1 timeframe with mantioned strategy. Trading solutions: follow H1 strategy and wait for enter opportunities. Sell positions are more safety now.

Aleksey Panasenko
FreshForex Analyst
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