From the chart we can conclude that:
1. There are 3 area of confluence where which may favor towards our bullish bias:
a. Price at swing low trendline (we see price couple of times pullback from the trendline support which we hope that the price will do it again
b. Price at structural level which previously price came to that area and reverse
c. Price currently at 61% fib level which a fib level where we would want to see price reverse
All price line up perfectly in the zone of confluence
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline (on lower TF)
Step 2:
Waiting for HH & LH structure (Best if the price retest at the break of structure level)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
1. There are 3 area of confluence where which may favor towards our bullish bias:
a. Price at swing low trendline (we see price couple of times pullback from the trendline support which we hope that the price will do it again
b. Price at structural level which previously price came to that area and reverse
c. Price currently at 61% fib level which a fib level where we would want to see price reverse
All price line up perfectly in the zone of confluence
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline (on lower TF)
Step 2:
Waiting for HH & LH structure (Best if the price retest at the break of structure level)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you