From the reversal point, it was first wave up and then retraced, my rule of thumb says that never reverse position for that kind of movement so I look for continuation to ride the trend, I see the wick on important support level, I conclude that that is sign for long. We will see market open to confirm the set up and decide to take the trade or not.
Trade active
a little bit lower than I expected but still a valid trade plan, enjoy the pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.