FX_ArteezZ

EURUSD - 13 February 2023

FOREXCOM:EURUSD   Euro / Dolar A.S.
Potential Scenario:
Price may pullback up to this daily bearish OB and even go slightly higher than the high of the bearish candle, and get rejected from the mean threshold of this OB, and continue lower. Eventually, price may seems like moving in a descending order to reach to the daily OB below.

If price turn into bullish and come back to this area, I expect price to get rejected or found strong resistance from this zone (Range between C.E. of the daily wick and the high of the next daily bearish candle) if it wants to go lower. If price didn't respect this zone, market nature might have changed, and no longer favoring bearish.

Penafian

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