Look at this chart to see € /$ entering a movement zone, which has the potential for a big move. Direction? Currently unknown!

BUT: There are a few possibilities to trade this, as i will explain below:

As you can see there is the possibility to have a completed a-b-c-d-e (yellow), or the start of a new impulse wave to the sky (green)

I am expecting a big resistance at this trendline because the price has not tested it in over a year, so i am favoring the yellow move at the moment. I have no idea which news they will make responsible for a much stronger USD, but it will be hilarious if it happens :D and easy to trade.

IF i see a small bearish impulse next week, i will take that as confirmation and start selling into the following correction. (yellow)

IF i see that it breaks the trendline and tests it from above, i will start buying €/$. (green)

I provide Trading ideas using EW and Pattern analysis. I am not responsible for any of your losses. Please trade responsibly.

Tell me what you think...

Have a nice day :-)