Based on the chart, a major resistance area is broken and a pullback is completed. The strength of buyers is observable at this area which can be seen by a Doji candle formed today(However is not finished yet!). So the weakness of sellers and power of buyers at this area, lead me to open a buy position as it presented on the chart which can provide a good risk reward ratio for trading (about 1:3)
Note: As always please take all risk management rules into consideration before opening any position on the market.
Good Luck!
Note: As always please take all risk management rules into consideration before opening any position on the market.
Good Luck!