- Overal market structure is bullish with higher highs and lows - Touched the trendline that dates from late september 2021 - Faked the green support zone - Bullish candles: bearish body with long lower wick followed by bullish engulfing and three white soldiers. This made for a good move last time around (compare the blue arrows) - MACD crossover about to take place - Broke above the 50 EMA
Setting my SL just below the EMA. Taking the $0.93 level as a conservative target. Where the $1.42 level is a more aggressive target. Given the state of the market I would advice caution though when taking this trade.