Price is generally moving in the uptrend means we should be looking buying opportunities on the H1 frame. Then price formed a upward triangle till it broke the resistance turned support (RTS) . Now price is back to retest the RTS. Now my major confluences for considering this trade are; (1) Generally a buy signal is generated when price hits a trend line thrice especially when the third touch is at a 50/68% zone of the fibonacci retracement (2) Price broke out of a RTS (3) Price is retesting RTS zone (4) It's oversold and returning
Let's see what the market has in store for us. Happy trading!
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Well would you look at that, I guess market had other plans for us. Well onto the next