EURUSD: Waiting for the congestion to clear up

٢٧ يناير ٢٠١٩

Monthly and weekly trends bearish, meaning the market is pressing it downwards. In daily we see the 1.13 level tested and rejected once, because it was indeed a strong weekly level, so the it spiked up some 5k pips. Now we see that the 1.13 level is getting tested again, this time causing a congestion thereby. I'm sure these irregular movements, beginning from November 2018, caused a lot of loss for wishful newbies, and here we are, you see some lines on the chart as an attempt to recognize the order within the congestion.

I'll be back with a 4h view--don't forget to give this a like & follow for further precious ideas!

~.~