Patience for buy position
Updated
Price is retesting trendline. Still not convinced that price will bounce up from trendline because Stochastic still pointing down, price is stopped by pitchfan and price did not break fibo retracement decisively.
Wait for price to either
1. Test lower boundary of pitchfan
2. Heiken Candle decisively breaking fibo retracement,
where upside will be 0.764 retracement with stoploss of ATR.
Wait for price to either
1. Test lower boundary of pitchfan
2. Heiken Candle decisively breaking fibo retracement,
where upside will be 0.764 retracement with stoploss of ATR.
Trade active
Wait for a bullish candle to enter long
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