Price has come out of the Daily Demand Zone and is currently at 1.7590 and is going upward in an Ascending Pattern. The pair turned bullish when the Euro increased in strength last week. Buyers are pushing price upwards into the Daily Supply Zone. The Bulls have filled the Gap/Void between 1.7554 and 1.7590. Anyone who sold at FOZ and did not exit should be in loss by now. In Supply and Demand, All Voids must be filled somehow.
Trade Setup
-- Looking for Sells between 1.7615 - 1.7667 area after Price has entered deep into the Liquidity Zone (First Move)
-- Looking for Buys on a Fibonacci Support level near 1.7584 area, after Sellers have pushed Price out of the Liquidity Zone. Target is 1.7700 mark (Second Move)
Alternative Setup
-- When Price falls to the Demand Area of 1.7200, Wait for Price to come to the support level 3 at 1.7333 - 1.7600. After price comes out of Daily Demand Zone, wait for retest and enter for a Buy Setup.
Trade Setup
-- Looking for Sells between 1.7615 - 1.7667 area after Price has entered deep into the Liquidity Zone (First Move)
-- Looking for Buys on a Fibonacci Support level near 1.7584 area, after Sellers have pushed Price out of the Liquidity Zone. Target is 1.7700 mark (Second Move)
Alternative Setup
-- When Price falls to the Demand Area of 1.7200, Wait for Price to come to the support level 3 at 1.7333 - 1.7600. After price comes out of Daily Demand Zone, wait for retest and enter for a Buy Setup.