On the left we have a partially mitigated strong order block, after Asian consolidation, looking forward to a short term long position with 1:8 RR
Order block principles:
1) OB must take liquidity or have liquidity to take below 2) OB breaks something significant 3) OB is relevant to current price action 4) OB caused imbalance (made a fair value gap) 5) OB has a liquidity pool to target