- Price has reached Kumo. 62,80 - 63,40 area should start to act as support.
- haDelta/SMA3 reached a low print and a cross up may be the first indication that the pull back is coming to an end. We should see a small body or a doji-like candle to get more confirmation about a reversal.
- short term upper key levels is 64,00+. A preice break above that would print the required , or if it happens one day later, then a green reversal candle.
A) more agressive traders can already start to accumukate some longs upto 0,5-1 trade unit size in the , maybe buying the first lots at current mkt price. They can add later to longs with a break above 64,00 and a break above Tenkan Sen (64,75) and trail up the stops for all units.
B) conservative strategy is to wait for a HA confirmation signal and buy only firt lot with a sop buy order above 64,00.
Since I have been holding long position for quite some time now and managed to sell as a swing trade idea before, I use strategy A now to re-enter.