Confluences - 80% Rule + Psy Low + High Volume Recovery

Price action has just completed a move back down to yesterday Value Area Low.

This price movement is also known as the 80% rule.

It has now three confluences
1. pdVAL (previous day Value Area Low) - Support
2. PsyLow (Psychological Low) - Support
3. High Volume Recovery Zones (red zones to be recovered).

Trade safe this is only a trading idea.

Trade closed: stop reached:

Not every trade goes to plan.

1% stoploss hit. Time re-evaluate.