EUR/USD Long Setup +250 pips (CPI News)
- We can see price respected 1.000 supply zone and dropped 300 pips reahcing 0.96500 demand zone.
- Price started consolidating after reaching the demand zone.
- Normally after a respected supply in a major downtrend we analyse the market for short setups but this long analysis seems to be more logical with this market structure and candlestick psychology.
* pivot line: 0.97400
- Price started consolidating after reaching the demand zone.
- Normally after a respected supply in a major downtrend we analyse the market for short setups but this long analysis seems to be more logical with this market structure and candlestick psychology.
* pivot line: 0.97400
Second entry activated at pivot price