✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs. ✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles. ✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema.
This is a great example of the 123 Advanced Engulfing strategy.
NOTE: If price does not reach my BUY STOP level and fails below the 50ema then I will cancel the buy stop order, very important we do this and not accidently leave the position on.
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