If everything goes with the plan, we have perfect Long setup here i.e. (Weekly 50EMA rejection, Price has retraced 50% to daily RBS level. Now we need to confirm the bullish momentum when the price meet the next criteria as mentioned below
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 RBS area. Use any indicator that suits you
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 RBS area. Use any indicator that suits you