Potential area to watch for a Long opportunity.
Price is actively seeking liquidity and pointed its move to the a strong weekly supply area (above in black).
On the lower timeframe (H1) I have an opportunity to enter on a better price at a demand zone and targeting the above weekly demand area with a nice 3:1 Risk/Reward.
Also note the confluence with the 78.6 Fib retracement confluence
Keep it simple and happy trading
Price is actively seeking liquidity and pointed its move to the a strong weekly supply area (above in black).
On the lower timeframe (H1) I have an opportunity to enter on a better price at a demand zone and targeting the above weekly demand area with a nice 3:1 Risk/Reward.
Also note the confluence with the 78.6 Fib retracement confluence
Keep it simple and happy trading
