Price is making higher low. 50EMA and 200 EMA are forming double support level. price is now on 50 FIBO from last HL.
If price will respect 200EMA and uptrend support line, long position is worth taking, with SL below 0.618 FIBO, TP and previous high.
If price will respect 200EMA and uptrend support line, long position is worth taking, with SL below 0.618 FIBO, TP and previous high.
