EURUSD. Euro is consolidating in the range (1.3492-1.3617) on the daily chart . You can try to put buy stop order on the 1.3617 level, put stop-loss order just below  1.3492 in this case. You can try to put sell stop order on the 1.3492 level, put stop-loss order above 1.3617 in this case. There are many false alarms possible during consolidation. It makes trading difficult. I recommend to use the tactic of re-entry.


GBPUSD. Trend is downwards on the daily chart. A pair is consolidating in the range (1.5434-1.5481) on the daily chart . You can try to put buy stop order on the 1.5481 level, put stop-loss order just below  1.5434 in this case. You can try to put sell stop order on the 1.5434 level, put stop-loss order above 1.5481 in this case. There are many false alarms possible during consolidation. It makes trading difficult. I recommend to use the tactic of re-entry.

 
Elena Chernaya, Chief Currency Strategist
ELAN Investment Solutions

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