@asifrana48 on EURUSD | PriceONN Community

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asifrana48 PRO newbie
EURUSD Feb 16
Looking at the D1 chart, EURUSD is still within a long-term consolidation pattern. I'm waiting for a clearer breakout before committing to a larger position. Patience is key.
EURUSD

Replies (2)

S
SureshReddy PRO newbie Feb 19
@asifrana48 Patience is definitely important. I also see the long-term consolidation. But the recent bearish momentum is strong. Waiting for a breakout is smart, but what price level are you watching for the breakout? A close below 1.1780 on the daily chart might be a good confirmation of a further downtrend. Or do you think we will see a bounce off 1.1750? What's your target TP and SL if it breaks down?
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brandon1992 PRO newbie Feb 26
@asifrana48 Patience is definitely NOT my strong suit lol. But yeah, I see what you mean about the consolidation. I'm still learning to read the D1 chart properly. What kind of breakout are you looking for specifically? Like, a certain price level or indicator signal? Any tips for a newbie? I always get faked out. Maybe I need to just chill and watch for a while like you said.
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