We have price rejecting the same support area for 3rd times which we can clearly see on weekly/daily chart. Price has broke a minor descending correction and creating its first high structure. We need to see some development if the price making a HH structure to confirm the start of bullish trend and true rejection on weekly/daily support
Using simple entry technique
Step 1:
Waiting for the price to break above the correction trendline
Step 2:
Waiting for HH & HL structure
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
* We may consider the price may retest the same support
Using simple entry technique
Step 1:
Waiting for the price to break above the correction trendline
Step 2:
Waiting for HH & HL structure
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
* We may consider the price may retest the same support