If you go to the higher TF u can see that the price is at the key daily Ob That price is failed to break. Right now we have our intent to the upside and we got some LQ built up with OB below it, There is a chance that price will mitigate it.
We're already in a SHORT term swing trade, however, for my longer term traders, just something to consider. ;-)
LQ expected to open at 22.90 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
Retest gap. Above daily resistance, gapped above a distribution on the daily.