Price opens at 1.23734 and moves higher 11 pips. Notice the 2 & 3rd candle ( long wicks, looks like a good resistance area. Shorts most likely have stops resting)
Price falls lower of 18 pips (2 bold bearish candle) and finds support at 1.23651 level. Price moves high 20 pips and hunts the most recent intra day high.
Price drops 19 pips around the daily open finds support and expands high of 32 pips raiding previous day high and immediately moves lower of 45 pips hunting stops resting at todays first swing low ( 1). Price retraces back 30 pips and finds resistance 1.23855. ( Notice the bullish shooting star like candle inside the circle that pushed higher raided previous day stops( Green X), price moves back at this candle finds resistance and expands on the downside of 56 pips neutralizing todays lower low (2) and previous days low (Green X) and finds support around the WO level.
For me get long:
1. I will wait for price to break above 1.23854 and a retracement at this level for a buy.
2. If price moves lower I will wait for price to reach the green box and hunt for Bullish PA to get long.
Price falls lower of 18 pips (2 bold bearish candle) and finds support at 1.23651 level. Price moves high 20 pips and hunts the most recent intra day high.
Price drops 19 pips around the daily open finds support and expands high of 32 pips raiding previous day high and immediately moves lower of 45 pips hunting stops resting at todays first swing low ( 1). Price retraces back 30 pips and finds resistance 1.23855. ( Notice the bullish shooting star like candle inside the circle that pushed higher raided previous day stops( Green X), price moves back at this candle finds resistance and expands on the downside of 56 pips neutralizing todays lower low (2) and previous days low (Green X) and finds support around the WO level.
For me get long:
1. I will wait for price to break above 1.23854 and a retracement at this level for a buy.
2. If price moves lower I will wait for price to reach the green box and hunt for Bullish PA to get long.