We can see on Daily Chart that price is now in uptrend and moving in a nice channel.
As we are back at the bottom of the channel, we assume that price should move upward.
On 1 HR chart we see price has break the EMA and now we can enter long waiting for bullish candle confirmation before taking an entry.
This trade is good for 1:3 reward ratio.
As we are back at the bottom of the channel, we assume that price should move upward.
This trade is good for 1:3 reward ratio.