Well as we can see on this chart, price touched a daily zone of imbalance (demand zone).
After touching that zone, the price had gone up to a previous OB (Order Block), you can see that order block at 1H TF (Time Frame).
Right now is reacting to the OB, rejecting it.
Now what I predict is that price goes again to the demand/ imbalance zone and going to test the...
OANDA:EURUSD
In EUR/USD there's an untested order block between 1.124521 and 1.124419, so if price goes to that OB (Order Block) it may be a good oportunity to enter a good trade to the upside ( Tps at 1.15591/ Sl : 1.12199). Privously we broke structure in 1.13354 meaning market wants to go up, now it's just retesting.
we can that it i in a distribution fase....
