The price failed to breakdown the lower limit of the consolidation and returned trading back in it. That's why our previous scenario remains the same: we might consider opening new deals only after a sure exit of the price from the range on large volume, so it will be a more accurate signal for entering the market. While the pair is trading in the consolidation, it is better to stay out of the market.
The bottom line: wait for the price to come out from the range.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.