The price did fill our buy-stop order in the previous trade setup. Now, the analysis has been refined, and we can see that the price is trying to pull back after hitting the trendline. If this current candle closes and forms a bullish bar, then it's the right time we make a trade decision.
Analysis: the price has been respecting the trend line for some time now, and it's trying to respect it again. We have confluence in the market movement as the price is respecting the Fibonacci level of 61.8, the trendline, a bullish bar is about to form, and also the stochastic has crossed over in the H1 timeframe.
Important Note: we have a buy signal confluence in this trade setup: 1. Price respected the trendline again.2. We have stochastic crossover. 3. Price respect 61.8 fib level.
What next? Wait for this current candle to close.
Analysis: the price has been respecting the trend line for some time now, and it's trying to respect it again. We have confluence in the market movement as the price is respecting the Fibonacci level of 61.8, the trendline, a bullish bar is about to form, and also the stochastic has crossed over in the H1 timeframe.
Important Note: we have a buy signal confluence in this trade setup: 1. Price respected the trendline again.2. We have stochastic crossover. 3. Price respect 61.8 fib level.
What next? Wait for this current candle to close.