Hi Guys,
there was big down move from 13.12.19 till 17.12.19 caused by the big player (Banks, Financial Institutions), which creates a strong Supply Zone right between the price level 0.69200 - 0.69300
During the time period of 17.12.19 till now the price reached this zone again, which will release the remaining Sell orders of the big players. The zone is acting as a big resistance level too and in the daily timeframe you will see the reversal candlestick confirmation shown as a Doji.
Feel free to share your thoughts.
Best,
Lukas
there was big down move from 13.12.19 till 17.12.19 caused by the big player (Banks, Financial Institutions), which creates a strong Supply Zone right between the price level 0.69200 - 0.69300
During the time period of 17.12.19 till now the price reached this zone again, which will release the remaining Sell orders of the big players. The zone is acting as a big resistance level too and in the daily timeframe you will see the reversal candlestick confirmation shown as a Doji.
Feel free to share your thoughts.
Best,
Lukas