The emas look a bit sloppy, but the current direction looks minor upward movement.
The previous bull wave was quite strong with little resistance, mainly due to price hitting a trend line.
Price pulled back to decent horizontal support, as well confluence with 0.618 fib.
Last candle was a pinbar/rejection wick giving another signal that bulls are there and waiting to enter.
A good Stop loss placement is below that pinbar.
Target is 2 times risk.
The previous bull wave was quite strong with little resistance, mainly due to price hitting a trend line.
Price pulled back to decent horizontal support, as well confluence with 0.618 fib.
Last candle was a pinbar/rejection wick giving another signal that bulls are there and waiting to enter.
A good Stop loss placement is below that pinbar.
Target is 2 times risk.