Strong weekly demand zone to target
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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.