I think the EURUSD will be consolidating for the next days at least to Wednesday due to bank holidays and before the FOMC statement.
A potential triangle is forming at D1 chart.
I prefer to use harmonic in confluence with other reasons to validate an entry. Here on 4H chart we can see a bearish gartley pattern almost completed.
Other confluece reasons:
- trendline resistance
- R1 pivot resistance
- D1 EMA 55 level acting as resistance
- strong psycholevel 1.1000 (to protect the SL)
- double bollinger band correction (no shown on the chart)
Best regards
A potential triangle is forming at D1 chart.
I prefer to use harmonic in confluence with other reasons to validate an entry. Here on 4H chart we can see a bearish gartley pattern almost completed.
Other confluece reasons:
- trendline resistance
- R1 pivot resistance
- D1 EMA 55 level acting as resistance
- strong psycholevel 1.1000 (to protect the SL)
- double bollinger band correction (no shown on the chart)
Best regards