Consolidation triangle has a breakout....
Looking for a simple retest of the 1.1040 area which is a nice retrace of the current move....
Also we finally broke below the moving averages so retesting in that same area of confluence..
Ill be looking to add in this confluence area in addition to my shorts from earlier in the weak (idea attached)
Note: Macd is poised to cross Zero threshold so a momentum move is near
Positioning for ECB which should be dovish
Aiming for the lows 1.097 for TP1 and 1.088 TP2
Happy Huntin' Happy Trappin'
BooBii
Looking for a simple retest of the 1.1040 area which is a nice retrace of the current move....
Also we finally broke below the moving averages so retesting in that same area of confluence..
Ill be looking to add in this confluence area in addition to my shorts from earlier in the weak (idea attached)
Note: Macd is poised to cross Zero threshold so a momentum move is near
Positioning for ECB which should be dovish
Aiming for the lows 1.097 for TP1 and 1.088 TP2
Happy Huntin' Happy Trappin'
BooBii
