3 confluences: BOS on weekly timeframe aswell as 4H, retracment into our 61,8-79% golden fib zone, aswell as a bullish engulfing candle to signal momentum. Closely supported by the 20,50,100, and 200 EMA.
I like to trade breakouts of the trendline. I usually wait for price to retest a res/sup area before entering.
Breakout of trendline, closely supported by the 20 EMA. Retest of the trendline would've been nice but price retested the next zone above. wasn't expecting a major pullback like this one, nearly made me close trade