We have on weekly TF, price has retraced down to 61% of fibo level and closed with doji candle at the weekly key level signaling us with potential bullish reversal. To support our bias, we need to have the same bullish price action also show on daily TF before consider taking any position
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 weekly level. 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 weekly level. Use any indicator that suits you