It presents a range configuration after testing the 1.1830 zone, suggesting institutional liquidity capture that confirms price weakness.
The price made an apparent breakout (FO) at the local peaks of the previous session but quickly returned below the 1.1810 level, indicating an invalidation of the short-term bullish continuation.
Currently, the price remains within a Compression Zone (CP), characterized by movements that leave liquidity in their wake, seeking to clear retail buy orders before an expansion; the constant rejection in the 5m resistance zone weakens the short-term buying narrative.
We must be careful or keep an eye on the last HL (marked with the blue line at 1.1745), where this level acts as the current liquidity magnet, and its break would confirm the clear path to the main Zone of Interest located in the 1.1300-1.1400 block#CryptoMarketRebounds #GateSquare$50KRedPacketGiveaway
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EUR/USD M5 analysis:
It presents a range configuration after testing the 1.1830 zone, suggesting institutional liquidity capture that confirms price weakness.
The price made an apparent breakout (FO) at the local peaks of the previous session but quickly returned below the 1.1810 level, indicating an invalidation of the short-term bullish continuation.
Currently, the price remains within a Compression Zone (CP), characterized by movements that leave liquidity in their wake, seeking to clear retail buy orders before an expansion; the constant rejection in the 5m resistance zone weakens the short-term buying narrative.
We must be careful or keep an eye on the last HL (marked with the blue line at 1.1745), where this level acts as the current liquidity magnet, and its break would confirm the clear path to the main Zone of Interest located in the 1.1300-1.1400 block#CryptoMarketRebounds #GateSquare$50KRedPacketGiveaway