a) Weekly
1. Price is uptrending on the weekly chart as it already touch the 4th point of the trendline.
2. Price was closing with a bull candle with long wick last week.
3. Price broke market structure last 3 months with a huge momentum which is a sign of uptrending and reacted to weekly snr level.
b) Daily
1. Price made a falling wedges as a sign of correction after the momentum of breaking the market structure.
c) Confluences
1. Price respected the trendline.
2. Price was already at 78.6 fibs.
3. Price respected daily support and ascending trendline.
d) Plan
1. Looking for a long position when price come back at least at h4 snr level
1. Price is uptrending on the weekly chart as it already touch the 4th point of the trendline.
2. Price was closing with a bull candle with long wick last week.
3. Price broke market structure last 3 months with a huge momentum which is a sign of uptrending and reacted to weekly snr level.
b) Daily
1. Price made a falling wedges as a sign of correction after the momentum of breaking the market structure.
c) Confluences
1. Price respected the trendline.
2. Price was already at 78.6 fibs.
3. Price respected daily support and ascending trendline.
d) Plan
1. Looking for a long position when price come back at least at h4 snr level