We are currently looking for buying opportunity at the kill zone that is made up of 38.2%, 50%, and levels. This kill zone does come at previous initial structure high. On 4 hour chart, market has made higher high higher close, signaling a potential move. We might look for a or . See the chart for more details.
Keep in mind that the market can go up to previous outside return and this setup will still be valid. Only a lower low lower close below the previous outside return will make this setup invalid.
Note: FOMC meeting minutes coming up at 2 pm.
Trade safe and Good Luck !!