Liquidity has been swept and now market is targeting the week low liquidity.
If you have seen my previous analysis, then you will understand how I take trades based by predicting most probable highs and lows of the day. Similarly, today I see breakout of a important level, and now the next target is the support.
Market swept liquidity from a resistance level broke down from a important level and now next target is the support level.
I have marked SNR Levels in the chart. Support - 1.04354 Resistance - 1.05321 According to me these levels are the extreme levels of price for today. You can take reversal trade from these levels. Use these levels along with your own analysis for better results. My previous SNR levels were respected as I predicted. Also a based on the same resistance level...
NOTE - Analysis done on 5 min time-frame Based on the previous analysis of mine, I shared two levels. One for support and one for resistance. Price is now around resistance level and we have seen a change of character. Also price is reversing from a key Fibonacci level. Price broke a trend line and did a retest at key Fibonacci level.
Today on 25th Feb, 1. On EURUSD, wait for price to reach at least one of these levels. 2. Identify a CHoCH near this level on 5 min timeframe. 3. Enter in the trade for a reversal. And keep the target to the start of the day. Towards 1.04671. Note: If these levels are hit today very late, or if price doesn't reach there today, then this can be the levels for tomorrow.