EURUSD | OB + FVG idea

12 Agu 2023In the presented chart, there is a discernible weakening in the volume of the recent downtrend. Furthermore, the downtrend has encountered a significant support level from the 1H order block and has shown a responsive bounce, without forming an additional lower low. Notably, on shorter timeframes, there are instances of ascending peaks emerging, suggesting the potential for an upcoming reversal in market direction. If one were to engage in this trading opportunity, a strategic point to consider for profit-taking lies within the fair value gap located above the current price level.