Trend Direction from Daily Time Frame: - We can see this in a ranging market. - Price looks to have rejected a daily support/demand zone
Key Supply and Demand Zones from Daily Time Frame: - We have a demand and supply zone according to the trending market's supply and resistance levels
Reversal Structure on 1 Hour Time Frame: - We see a double bottom reversal pattern at the demand zone/supply level rejection
Reversal Spot - We are looking for a break of an hourly demand zone to be eventually retested before we enter. We will use Fibonacci Retracement to be able to see potential retest levels.
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