If you missed getting in on the first EURUSD entry that I posted yesterday, then this is a good demand zone to get in on as well within a manipulation wick. I expect price to hold and rally from there. But it is in the middle so a small position size incase.
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With a looser stop, price would've avoided the SPRING down in the accumulation that took place, but the rally seems to be rather strong. I look forward to seeing how it plays out.
@JunebugPresents I feel it's going to sell because looking at the support level @ 1.13420 which is already broken the price tends to go lower than the current price
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@Ferris663, I see. I put in the support level to see what you mean. I see it differently. I believe price will rally to take out the previous daily high liquidity. If it goes lower, it will only be to fill in the inefficiency. Besides, to me, support and resistance are all liquidity that price insist on taking out eventually. And if I'm right about the rally to the previous day's high, one won't get filled using my idea because my entry is too tight, too precise. Price has already come close to my entry and rallied away. And that is okay.