EURUSD on 4 Hour
A triple bottom could be happening here, looking left also this is a key demand zone where big liquidity has moved price in the past. Also, the last 4 hour candle closure was a spinning top indecision candle, at a key level zone is a big indication that sellers may be losing steam & buyers may be preparing to jump back in from here.
This is also a strong area of confluence as it aligns with a 3rd touch to the daily ascending trendline, & if price remains to hold above this key level zone I am anticipating for a push back to the upside..
This is also a strong area of confluence as it aligns with a 3rd touch to the daily ascending trendline, & if price remains to hold above this key level zone I am anticipating for a push back to the upside..
Note
Note
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.