Price spent a while in a range testing the upper limit. Eventually it broke out and the range's upper limit seems to be maybe acting as support making me think that the price will go up from here for a short time. The question is what will happen at the yellow line marked here. I'll be looking for confirmation of direction before entering.
Over the past few years this level has consistently came into play as a level of liquidity, providing support and reversing the price direction back to the long side. It will be interesting to see what happens this time.
EURUSD is currently hovering at a key area of liquidity that has appeared again and again looking back through the chart. Zooming out to weekly you can also see that we are hovering at the level of the top of a previous range. If it makes it over this band of liquidity I think there is a decent long opportunity there, if it doesn't make it, then short. I'll be...
The market is currently in a sideways range after a strong drop and is hovering around a level that is constantly revisited by the market and met with liquidity. There is strong price rejection from the lower limit of the range and constant retests of the upper limit which leads me to think that a break above is more probable than a break below. My ideal long...