We are starting to see some supply coming in on LTF such as 2H & 4H with exhaustive demand. In consilidations like these we often see patterns within patterns i.e, XABCD.
Important note: Just because we have a trade idea doesn't necessarily mean the price will get there, it just means for a potential demand identification area. Rather than aggressively setting bids we MUST evaluate the PA on much LTF to understand the nature of demand that can have an affect on HTF, and which will be the final confirmation if demand is visible so.
Zooming into 8H & 12H TF which is my favourite to understand market structure, there is a good probability we visit the potential demand zones such as 1.13 and 1.27, In other words, shall we say 0.786 Daily to have a confluence?