As you can see price failed to break out of Tuesdays range. I believe this is due to the dollar being very neutral at the moment. So this has formed a range. EURUSD loves to react to 15 minute order blocks and you can see that in todays moves, the first reaction failed to print a new low before returning to the 15 minute order block that I suggested in yesterdays review. There was a very clean entry on lower time frames to short this pair. But again if failed to print a new low. (the move was enough to secure profits and leave the market)
What I have noticed is that price has come into the 4 hour order block 6 times now without pushing higher could be something to keep an eye on, this pair is in bit of limbo now and I will not be looking to trade until price has a decisive move, and not just a liquidity grab form either side of the range.
What I have noticed is that price has come into the 4 hour order block 6 times now without pushing higher could be something to keep an eye on, this pair is in bit of limbo now and I will not be looking to trade until price has a decisive move, and not just a liquidity grab form either side of the range.