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ingmar.nieuwold

EURUSD running into supply with weakness on the background

Euro / USA-dollar (FX:EURUSD)  
ingmar.nieuwold Uppdaterad   
FX:EURUSD   Euro / USA-dollar
Supply and Demand Candlestick Analysis Pivot Points
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supplyanddemand candlestick pivotpoints
After a sign of weakness (selling into the large up candle) at the supply zone, price has reached the zone again on low volume.
Watching price action for a reversal or break on high volume above the supply zone.
Kommentera:
demand overcame the supply and price broke through the former highs making a new high. This happened on high volume and momentum. Waiting for a test of demand at the former supply level for a possible good entry for a long position.
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chart update

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Kommentera:
chart update

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safe to say, we didn't see a test after the break/rally :-)
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