From the perspective of Weekly Timeframe, the price is located between the two blue zones
From the perspective of the Daily Timeframe, the price is in a downward trend, and is approaching the trendline of the Daily and Round Number.
From the 4h perspective, the price is aggressively heading towards our buying area. We have 3 confluences to buy in this area Round Number, Demand, Daily Trendline,
We will look for entries in smaller timeframes for a better Risk Reward Ratio!
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From the perspective of Weekly Timeframe, the price is located between the two blue zones
From the perspective of the Daily Timeframe, the price is in a downward trend, and is approaching the trendline of the Daily and Round Number.
From the 4h perspective, the price is aggressively heading towards our buying area. We have 3 confluences to buy in this area Round Number, Demand, Daily Trendline,
We will look for entries in smaller timeframes for a better Risk Reward Ratio!