With resistance at 0.99287 and 1.00000.
price went into consolidation on the 10th Oct, as a result of news impact, price purged the sell side liquidity of the consolidation range and mitigated the previous low at 0.96365 thereby creating a new low at 0.96330 and then rallied to grab the buy side liquidity of the consolidation range.
Price has come back into the consolidation range on the 14th and has closed in a range creating liquidity right before a 15m OB at 0.96961.
I expect price to clear the liquidity, hit the OB, and print a reversal pattern on the lower timeframe. if price invalidates the 15m OB, my next POI is the rejection block on the 1h timeframe. if price breaks that too, then down we go!
price went into consolidation on the 10th Oct, as a result of news impact, price purged the sell side liquidity of the consolidation range and mitigated the previous low at 0.96365 thereby creating a new low at 0.96330 and then rallied to grab the buy side liquidity of the consolidation range.
Price has come back into the consolidation range on the 14th and has closed in a range creating liquidity right before a 15m OB at 0.96961.
I expect price to clear the liquidity, hit the OB, and print a reversal pattern on the lower timeframe. if price invalidates the 15m OB, my next POI is the rejection block on the 1h timeframe. if price breaks that too, then down we go!