✍️EURUSD:what does consolidation below balance of week tell us?
📌 Trading on Wednesday, May 12, we have consolidated below the balance of the week (1.2094).
In case of a successful test of the said resistance level, we expect a decline with targets of the balance of the day (1.2072) and market maker loss (1.1994).
💡 A breakdown and fixation above the balance of the week level (1.2094) the limit seller (1.2147) is the subsequent upside target.
🤔 Like the idea? 👍 like it ✍️ write a comment
In case of a successful test of the said resistance level, we expect a decline with targets of the balance of the day (1.2072) and market maker loss (1.1994).
💡 A breakdown and fixation above the balance of the week level (1.2094) the limit seller (1.2147) is the subsequent upside target.
🤔 Like the idea? 👍 like it ✍️ write a comment
