EURUSD on 4 Hour

A triple bottom could be happening here, looking left also this is a key demand zone where big liquidity has moved price in the past. Also, the last 4 hour candle closure was a spinning top indecision candle, at a key level zone is a big indication that sellers may be losing steam & buyers may be preparing to jump back in from here.

This is also a strong area of confluence as it aligns with a 3rd touch to the daily ascending trendline, & if price remains to hold above this key level zone I am anticipating for a push back to the upside..

Note

Daily Timeframe: Key zone & ascending trendline

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Update:

Note

Setup played out perfectly based off the triple bottom to the demand zone & higher timeframe key level support zone.

Profound_Ambition

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