Entry based on the third touch of ascending channel which is bullish and confirms the trend. On this occasion, price made a W double bottom touch at the demand zone. 1hr ADX is bullish. Momentum is bullish. Price made a 5 min bullish engulfing pattern. The 15 min gave a pin bar this area. The price is above the daily and weekly pivots. Market structure is making higher highs and lows. This should be a strong area of support.
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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.