Bounce setup waiting to happen.

٢٨ أكتوبر ٢٠٢٠

Looking at what previous price action has done on the 1 hour timeframe i can clearly see the 50ema has been well resected adding to that its pullback and react to recent Support and Resistance along with a Fibonacci retracement.

I am now waiting for this to retrace back to my zone of confluences stated on the graph and will wait to get in.