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EURUSD 15M 28/04/2023Currently, in the 15-minute timeframe, we are in an uptrend range that extends from 1.10158 to 1.09626, with the former being the liquidity point of the range. We have a demand zone at 1.09850. Personally, I would like to see a double structure breakout to the upside before considering a long position, as a single breakout could indicate a re-distribution, making the marked zone more likely to be liquidated. We must wait and see the price reaction or if the 2-hour range is broken with a strong candle.
Long
by mdr300896
EURUSD 2H 28/04/203 Currently, in the two-hour timeframe, we are in an uptrend ranging from 1.09659 to 1.10670, with the latter being the liquidity point of the range. Depending on how the price moves within our potential demand areas, we could consider two zones from a non-mitigated price perspective, which are 1.09865 to 1.09338. The price is currently mitigating the first of these zones, so we could expect a bullish reaction to enter a possible trade or descend to lower timeframes to follow the operable ranges in favor of the trend.
Long
by mdr300896