EUR/USD daily chart update
Friday's bar was a doji bar.
As I have mentioned several times in my previous postings, doji bars in consolidation or congestion often are an indication that prices will break out soon. Usually 1 to 3 bars later.
In this scenario, the doji bar is bar nr. 8 in the consolidation.
A consolidation consists of max. 10 bars. Bar nr. 10 is the last bar that can be traded according to the rules of price-bar formations.
"a little bit of knowledge is a dangerous thing"