Based on the analysis of the 4H time frame, a CHoCh (Candle Over Candle High) has occurred, indicating a potential bullish trend. However, it's important to note that the market can be unpredictable and a pullback may still occur. Therefore, it's recommended to wait for a pullback before entering the market, as this can provide a better entry point and reduce the risk of entering at an unfavorable price.
On the other hand, if a pullback does not occur, it's still alright to open your opportunity to enter, but it's important to closely monitor the market to ensure that the trend is still in your favor. It's also recommended to set a stop loss to mitigate potential losses in case the market turns against your position.
Overall, this buy setup provides a potentially profitable opportunity, but it's important to approach it with caution and to always practice proper risk management.
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