Hey Traders! Here we have a Forex pair EURUSD. Bigger picture is telling us we're at a price point where supply significantly outweighs demand. As we move to the lower time frame here, we can see new supply has formed and not very much demand below. This demand isn't very significant, however it is enough to mark and use to as a target to take profits off.
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Please like and follow. I will be posting more like this.
Trade closed: target reached