Good day Friends
Ive been looking at EURUSD BECAUSE IT HAS FALLEN INT0 A SIGNIFICANT AREA.
We clearly know the month has been overall bullish (beginni. Marked by the black line), The market has reach a clear bullish exhaustion area (highest high). Price has broken a level/zone(Marked Red) meant to push price back down but it found resistance/supply later on a mid zone(marked white) and has reversed to use the previously broken zone as ground to lift off.
You can mark down lines and monitor H4 for bullish reversal candles, **bullish eng. pinbar
Kindly Share your ideas and questions in the comment section
Ive been looking at EURUSD BECAUSE IT HAS FALLEN INT0 A SIGNIFICANT AREA.
We clearly know the month has been overall bullish (beginni. Marked by the black line), The market has reach a clear bullish exhaustion area (highest high). Price has broken a level/zone(Marked Red) meant to push price back down but it found resistance/supply later on a mid zone(marked white) and has reversed to use the previously broken zone as ground to lift off.
You can mark down lines and monitor H4 for bullish reversal candles, **bullish eng. pinbar
Kindly Share your ideas and questions in the comment section
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Bulls have been overwhelmed the bearish volume use same levels to find shorts should dxy keep gain strength.