Key Features: 1. Price is ranging for a long time evident through 1D chart. 2. On 4h price broke the falling trendline and then lost the short term bearish bias. After that it started to range. 3. Price has formed an ascending channel. 4. Rebound from the psychological support.
Things to consider: 1. Look to go long on corrections. 2. Additional confirmations must be used when placing long trades.
What do you think?
Will you be looking to go long? If yes, then which factors will you be looking for?