I have marked a key zone on the 4-hour chart, highlighting liquidity areas that need to be grabbed. Based on this setup, there is a strong possibility that the price will rise.
Looking at today's economic forecast, the USD appears slightly weaker due to higher-than-expected unemployment claims. Additionally, I have identified divergence, which further supports a potential bullish move.
You can consider entering a long position, but always ensure proper risk management. Stay disciplined, avoid over-leveraging, and don’t let greed take over.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.