I am looking for some accumulation here. The model can already be complete, but i would only take it if it extends into a model 2 from extreme liquidity to create more liquidity for a reversal. The supply above, followed by the strong sell off lowers the quality of this model. A supply mitigation with a slow pullback into the POI would change that.
Note
There is still no valid BOS here, i also dislike all the lows that are stacking up, but if there are confirmations i will give it a shot since EURUSD is in a HTF Accumulation model 2 with a technical target of 1.25488$. If this accumulation does not confrim i will redraw the range. Order cancelled
Have not taken a look, since my alarm never went off. The accumulation i was looking for never confirmed, so i'm waiting for a new range to form.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.