Description
⋅ The price is in an uptrend and price is at the lower boundery
we expect price to bounce from the lower boundary for a long trade bias
in addition we wait for further confirmation such as multiple rejections at the lower boundery
and we enter long , in addition try to consider correlation between pairs such as eurusd gbpusd and xauusd
in addition use proper risk managent such as 1:3
in addition the 200 EMA and 50 EMA are below the price