based on HTF momentum, 4th test of bullish trend line, fib PRZ level in confluence with trend line and structure with nice R:R set up
momentum on higher time maintaining demand around 30,000$ looking for a push towards previous highs
this set up is based over all on the momentum this market has been showing to the upside.
all levels displayed are measured out by precise Fibonacci implication.
setting up a HL here on the 61.8 retracement level flowing with overall daily momentum. entry is based on a daily pivot made back in august that is now broken and being retested. simple confluence to take a 1:3 R:R set up to only risk 20 pips and potential take up to 60 pips.