Golden Zone Setup
Weekly Bias: Bearish
15min: Price has been in a temporary range, with resting buyside and sell side liquidity. Waiting on price to retrace to fib 50% level which is equal to a previous sell side liquidity zone.
Confluence: previous sell side liquidity zone + 50%level on fib (the golden zone is between 50%-61.8% level)
15min: Price has been in a temporary range, with resting buyside and sell side liquidity. Waiting on price to retrace to fib 50% level which is equal to a previous sell side liquidity zone.
Confluence: previous sell side liquidity zone + 50%level on fib (the golden zone is between 50%-61.8% level)
Note
Also there is a FVG around this area
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