There is a channel bouncing of support of long term trend, previous structure resistance and Some structure. Momentum is has been picking up And stochastics RSI are very oversold.
I will place my open long, stop lose, take profit orders as placed in the screenshot.
But i will wait for some bullish candles. (doji dragonfly )
TO SEE THE LONG TERM TREND ANS STRUCTURE COMPRESS THIS 4H CHART.
Very simple and applicable.
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