The price indicate a bullish momentum from:
1. Weekly TF = The long wick candle rejecting the support trendline marked at this TF
2. Daily TF = Bullish engulfing candlestick was formed right away after rejecting the previous support area
3. 4H TF = Waiting for break of the resistant trendline i marked at this TF. My entry position would be at the breakout of the trendline with price break above the 50ema
* its best to look for the price action before we take any position with proper RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Weekly TF = The long wick candle rejecting the support trendline marked at this TF
2. Daily TF = Bullish engulfing candlestick was formed right away after rejecting the previous support area
3. 4H TF = Waiting for break of the resistant trendline i marked at this TF. My entry position would be at the breakout of the trendline with price break above the 50ema
* its best to look for the price action before we take any position with proper RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension