FX:EURUSD Euro Fx/U.S. Dollar
I found spike (selling climax) in the background. The very next bar was up bar in a high (reversal up-thrust). This must be that demand overcame supply and that there are more buyers then sellers. Later on , we saw a successful test of supply on low , which is the sign that smart money is interesting in upward price. Wyckoff called this background accumulation phase. My advice is to watch for buying opportunities on the dips. First take profit level is set at the price of 1. 1400 . Second take profit level is set at the price of 1.1460. Of course, I will fallow price action ana to see if we got signs of weakness. In the case, i will close position earlier.