The price indicate a bullish momentum from:
1. Weekly TF = The long wick candle rejecting the support trendline marked at this TF
2. Daily TF = The long wick candle rejecting the support trendline followed by strong bullish candle indicate the buyers are in full control of the movement
3. 4H TF = The price rejecting current resistant level and possibly heading for retracement period. 50% of fibo level is what im looking for entry position plus the level is within my previous support area
* its best to look for the price action before we take any position with proper RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Weekly TF = The long wick candle rejecting the support trendline marked at this TF
2. Daily TF = The long wick candle rejecting the support trendline followed by strong bullish candle indicate the buyers are in full control of the movement
3. 4H TF = The price rejecting current resistant level and possibly heading for retracement period. 50% of fibo level is what im looking for entry position plus the level is within my previous support area
* its best to look for the price action before we take any position with proper RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension