**Weekly:** Forming new swing high and lows. Also retesting on previous resistance.
**Daily:** Formed higher high and lows as well. Recent bullish candle retest at previous resistance, which is also 50% of Fibonacci from previous low to high. MACD indicated a bullish momentum is added.
**4H:** Similar to daily chart, it is forming higher high and low in an uptrend channel. Current candle formed engulfing candle. MACD shows recent trend is overall bullish as well.
**What to do now? When to buy?**
- I would enter the trade right now due to the bullish engulfing candle at the structure area.
- If to wait more confirmation, we must see the breakout of the minor downtrend at 1h.
Don't forget to like if you like this setup, and comment below if you have different ideas. Good luck, traders!
**Daily:** Formed higher high and lows as well. Recent bullish candle retest at previous resistance, which is also 50% of Fibonacci from previous low to high. MACD indicated a bullish momentum is added.
**4H:** Similar to daily chart, it is forming higher high and low in an uptrend channel. Current candle formed engulfing candle. MACD shows recent trend is overall bullish as well.
**What to do now? When to buy?**
- I would enter the trade right now due to the bullish engulfing candle at the structure area.
- If to wait more confirmation, we must see the breakout of the minor downtrend at 1h.
Don't forget to like if you like this setup, and comment below if you have different ideas. Good luck, traders!
Trade closed: stop reached