Big Long opportunity for ZB
Updated
Very large value area + demand zone play as ZB is approaching new lows. Both of those drawn on the chart. Looking for longs at 174'02 but my favorite place to go long would be 173'02. Once it bounces, expect a pullback from the down move at least to previous swing lows and VAL of yesterday at 175'08. For stops go for 8 ticks (based on lower timeframe structure at the top of area not shown on this chart, if they get broken then we cut the trade expecting a swing lower down the macro value area)
Note
First bounce made at 174'02 today to the tick, it went 20 ticks above, scalpers could be satisfied with this and take profit. Now is trying to balance right above our area. For swing traders you can put stop to breakeven once it breaks today's balance high at 174'18.
Note
Stop got triggered in the chart but I was watching the order flow on my platform and stayed in the trade. Price rejected 174 at asia session and now stop is at 173'30 just below some accumulation.
Note
Forgot to update.
Market was really euphoric about central banks saying their printers would go BRRR BRRR indefinitely hahaha. but we did get some bounces. 174'02 served as LIS for further move down but it was overnight so meh. 173'02 on the other hand was perfect at retest, adjusting for previous lows at red dotted line, so you could surf the entire payroll move. Din't get that one as I was sleeping after waiting all european session for a move up.
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