Price is likely to reach and change market sentiment
Reason for this are:
QML
CP towards supply
Liquidity pool
upcoming news release
Demand OANDA:EURUSD OANDA:EURUSD excesses Supply
Nasdaq consolidate price at the distribution phase so price is about to takeout partial demands fib price range of 50-61 is our highly reactive price field
The possible outcome that the market will perform.
1. The price will be bearish searching for new demand cause as it compression has took out small supply zone clearing the way for sellers
2. The price will retest the support and retrace below the zone about 5-15pips take out SL and triggers sell orders placed there as it triggered the buy orders before...