At the moment, Very is on a long term down trend since March.

This is alarming because it means there will be bag holders.

The 3.50 level is interesting and so is the current level of 2.70~

The trade setup is one of my favourites. If you catch it as it is turning around, you could reap some rewards on a swing trade.

The question is when to enter the trade.

I am watching closely for the conditions to turn around.

This is still very bearish . Lower highs and lows lows since March.

I am waiting for it to break above the long term trend and to confirm that with a second candle OR to break above the long term trend at a level of support. At which time I will enter the trade with a stop loss set.

Just waiting for now.
Comment: I am now in this trade. It has shown all the revesal signs I want. Trading above avg volume, crossing over long trend line and moving averages with some good news to back it up.

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