After creating a series of LHs and LLs the price action has just rebound from a strong support zone with the formation of a pinbar and a hammer thus creating a new HL.
As long as the price action sustains above the strong support zone my view remains bullish.
Enter the trade at the break of the most recent trendline and target the resistance zone just above 38.2% FR.
As long as the price action sustains above the strong support zone my view remains bullish.
Enter the trade at the break of the most recent trendline and target the resistance zone just above 38.2% FR.
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