This is the zone I was waiting for.
If 4H price holds above, I will execute a long trade.
Confluences:
1) 4H horizontal support
2) 50% fib retracement
3) S2 pivot support
4) Ascending trendline
5) Negative US July retail report
If any 4H candle close below the zone, no trade.
If 4H price holds above, I will execute a long trade.
Confluences:
1) 4H horizontal support
2) 50% fib retracement
3) S2 pivot support
4) Ascending trendline
5) Negative US July retail report
If any 4H candle close below the zone, no trade.