Currently from what I can see, price has broken trend line and retested. We also have the .38 fib in the same area. On H1 price has rejected 200MA.
I have ben waiting for candlestick formation, and we have a hammer formed indicating sellers tried to push price down however buyers took control. We then have a strong bullish candle follow.
This is enough reasoning and confirmation for me to enter this trade. I am in.