EURUSD Breakout Trade PossibleWe can see that after NFP Bullish Move, EU is Holding and consolidating in rectangle, if we observe a breakout of 1.1600 on 1 Hour TF we can Expect it to move till 1.1700-1.17500.
Although, we can see a consolidation for 1-2 days longs cause market always takes breaks after major economic event, and if any DXY affecting news comes from P. Trump or any other factor that can affect Dollar then we can also expect a fast movement as well.
EURUSD needs to trap the sellers first and grab fuel to give next sniper move. Current EURUSD is at Fib Level 50% and Holding their which is a good sign and increase our possibilities that it can trap seller and go up.
What's Happening here; those who are beginner I would like to teach you that when any pair comes to fib level 38%, 50%, 68%, or 78% what most of trader or beginners do, they start short or go long at these levels and in most of case it works. I would say 6/10 times, but if we go deeper and understand the price behaviour what we get to see it is making a normal pattern which any one can understand it when they get start to trap those. that's why their are 65% possibilities of going up and rest is down.
Trading is all about possibilities and observation, do you research as well and risk management is the key to success.
