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There's been attempts to move higher ( into & above that green zone) , so maybe a lot of the supply has been eaten up & this one could now move higher& take out some stops

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I think you are right @elle. There is a long term trendline down on the daily from 19th April which has been broken with this recent up tick. Your 150EMA might be in the way though!

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On ‎07‎/‎01‎/‎2019 at 17:46, elle said:

There's been attempts to move higher ( into & above that green zone) , so maybe a lot of the supply has been eaten up & this one could now move higher& take out some stops

Capture eu.PNG

price now getting friendly with that green zone

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review ..... price moved above the green zones & took out the stops

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here is a chart from before , showing the origin of that zone & it's significance

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Update , stops where taken (like I suggested) , liquidity grabbed to push price back down  - classic

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