We had a fairly bullish weekly close, and it was good to wait patiently, without falling into traps, to be able to visualize the significant liquidity for the coming days.
For the next 24 hours, I will only be willing to look for a trade if I see the price confirming the 50% of one of the two ranges that were created.
On the upper side, the 50% Fibonacci coincides with the FVG-W and FVG-D. This is a potential reversal zone, with an Invalidation above the FVG-D.
If, on the other hand, the price decides to go to the middle of the lower range, where it coincides with the IFVG-D, I will look for confirmation for an intraday buy.
This projection will only be valid for these first 24 hours. In either case, I will take the weekly open (WO) as the primary target.
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