EURUSD waiting for buy price

By tuesday 25th or wednesday otherwise its still accumulationg orders

Prediction/projection:
range/consolidation followed by a fake breakout below to the demand zone (purple box) resulting in a stop hunt liquidity grab printing a W formation.
Outcome:
should mean a long sustained run up, POI supply zone (purple box) Liquidity pool this zone has held sinnce first being tested on 6th april & its been tested 6 times already.

Retail traders could see this as a great place for sell limits, meaning pending orders to be liquidated are there.
This time it should break
TP's above supply zone are the banks round numbers
1.10000
1.11000
1.12000
Possibly in smaller segments eg 1.1050

Comentarios:

Also after such a drop EURUSD has had, price has just eased off the gas pedal (its accumulating orders) two weeks of price action between supply and demand, EUR/USD can range for weeks though. but notice previously price has been making new lows on the left, this week failed to break below & only just about surpassed the previous week high.

Of course a breakout for sure will show but its structure is showing signs of change of character.

Comentarios:

Wait for that consolidation + W formation + candlestick confirmation (either a spikey hammer candlestick or an engulfing formation.

untill then wait

Comentarios:

Look at the 13th April - absolute textbook! consolidation + liquidity grab below the previous low + W formation = run up boom!