-We formed a triangle formation having multipale bounces on either side -We broke to the upside -We have got our retest which is key in my strategy and has put in bullish movement -Price has put in bullish hammer and then followed by two strong bullish candle clearly showing momentum to the upside
Daily -We can see 3 bullish candles we are in the direction of the momentum which is key -Todays candle is looking like it will form a bullish hammer (Sign of bullishness) -Lots of long wicks too the downside which signifies more buying pressure
Weekly -Price 2 weeks ago put in a doji -Last week price put in a bullish engulfing -On weekly timeframes when a engulfing happens it is a strong confluence -All these signs identify for me a strong buy setup :)
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