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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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.