UPDATE: Bullish large range candle forming - if this stays above 0.14% (currently 0.17%), the odds of price breaking the low are very low, making it a decent long entry. 

Don't forget: 

1. Use my big candle alert indicator to see optimal entry - it'll draw a line from the bull candle low once complete. 

2. Enter long as soon as candle closes with stop below low - if long already, move stops up to the bull candle low.

3. Watch the next few candles - the further and faster price declines into the candle, the more likely the low will break. 

4. Expect retracement/profit taking if price moves into supply (should start near the 1.35500 psycholgoical level. 

Will keep you guys posted. 

Liam... 

Yesterday’s strong bullish candle failed to deliver any sustained upside momentum. Within just 4–5 hours, price broke below the low and dropped into support at the 1.34500 psychological level.

Overnight, price action turned choppy, culminating in a obvious stop run that cleared out liquidity beneath yesterdays low this morning.

What’s Next?

• As long as 1.34500 holds, we could see a relief bounce into the 1.35000–1.35200 zone, where sellers are likely to re-emerge.

• A clean break back below 1.34500 would expose 1.34000 and it's demand zone as the next major downside target.

• Watch for a large bullish or bearish candle to form above 0.14% - that'll be our short term support/resistance level and reference point for the rest of the day.

For now, momentum remains fragile, and today’s session will likely determine whether buyers can defend the 1.34500 level or whether the pair extends lower into the new week.