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๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐914/2916
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EUR/USD Intraday: bullish bias above 1.0865.
Pivot:
1.0865
Our preference:
Long positions above 1.0865 with targets at 1.0895 & 1.0910 in extension.
Alternative scenario
Below 1.0865 look for further downside with 1.0845 & 1.0830 as targets.
Thoughts ๐ฌ
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
@Thevenziltrades
โช๏ธIdentify Key Liquidity Zonesโ๏ธ
-What to Track
: Use order book data (if available) or futures market data (e.g., CME currency futures) to spot large clusters of buy/sell orders.
- How to Spot Them:
โช๏ธBuy Clustersโ๏ธ
Price levels with dense buy orders (potential support).
-
โช๏ธSell Clustersโ๏ธ
: Price levels with dense sell orders (potential resistance).
โช๏ธVolume Profile*โ๏ธ
: Highlight areas where high trading activity occurred (e.g., Volume Profile Visible Range).
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