Disliked{quote} By looking at your tick volume, you can see buyers (very high volume on such compressed/doji candle). Next candle may confirm it, or notIgnored
All this volume here today came from liquidity because of the Ukraine/Russia conflict news...
The buyers are mostly short term retail traders who will probably get burned.
In this case, the sellers are mostly smart money (robber banks).
They will profit off the stopped out longs, which is the reason why I feel like this support area will break with a slam bang...
Today was a holiday (Valentine's Day). After a big consolidation like this on a holiday, it's normal to see a massive break immediately afterwards.
This time the Ukraine/Russia conflict propaganda is the driver, which means EUR/USD south...
This is only my gut feeling...
The upside is limited this week to like mid to high 1.13s.
Downside risk is high, down to below 1.11...
My TP is open...
Trade safe...
You cannot fail if you never give up.
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