- Recently hit long term support trend line (long bias) - Moving within parallel trend line channel and hit support zone (long bias) - Bounced support trend line at least 3 times (validates long bias) - Also hit local horizontal support zone (long bias) - Price also moving slowly above both 200 EMA and 50 EMA (long bias)
Stop loss set at 20 pips and Take profit set at 100 pips.