From a higher timeframe perspective, this pair has been travelling between a wide range.
When the market creates ranges it also accumulates orders at supply and demand regions.
I believe we may see a scoop below the previous support then a re-entry into the range, as illustrated.
When the market creates ranges it also accumulates orders at supply and demand regions.
I believe we may see a scoop below the previous support then a re-entry into the range, as illustrated.
