Gj is has shown a rejection to its trendline and this running candle will be our decision candle to enter it closes above 172.238 then on retest we will enter cz this is going to be a confirmation candle as it seems to be a Marbozo or an Bullish engulfing so we will wait to close this candle and then enter otherwise for sell setup we will wait for price to breakdown to the level of 171.097 then we will consider it as bearish
Confluance for bullish trend we have a pretty good wick rejection of previous candle also the forming candle has great volume on H4 also it will be breaking daily resistance level the third cofluance is EMA 200 which shows uptrend
We are waiting for closing of current H4 candle to make a decision
Confluance for bullish trend we have a pretty good wick rejection of previous candle also the forming candle has great volume on H4 also it will be breaking daily resistance level the third cofluance is EMA 200 which shows uptrend
We are waiting for closing of current H4 candle to make a decision