Price has hit an order block from the most recent RBR (Rally-Base-Rally). Price also took away the liquidity with SFP's and C-SFP's Price can possibly be pulled upwards at this area, I have a tight stop loss on this one. Lets see how it plays out.
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I might close at 0.0777 since price might be pulled down there.
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I need to see how price reacts at 0.07725. There is strong supply sitting there
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I moved my stop loss to entry
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We are now at the area of our strong supply (0.07725 to 0.07777). This is something to watch for. If price doesn't reverse here then I believe that 0.07920 is a strong price magnet for a great TP.