Based on a 4H + 1H zone combination. Good RR. Previous four hour candle did enter and reject off the zone, but since it was a recent candle, I'm not counting that as a first test, so this to me is still a first test. Good one candle base during a Drop-Base-Drop, which a strong move downwards out of the zone.
There was bearish oil news earlier, which could drive a break of this zone.
There was bearish oil news earlier, which could drive a break of this zone.