Please see chart - I see a 4H bullish orderblock which should be fairly strong as it is confluent with the Weekly Open level and led to market structure breaks (MSBs) of both the local and macro highs, as marked out in the chart. I would wait for a retest into the order block area and then after drilling into a lower timeframe eg 5 min, after seeing a higher high formed, would long. My take profit is as marked and is just below the monthly open which is confluent with a potential bearish order block. My stop loss is just below my 4H order block.
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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.