I. Analysis 1. Clear and strong uptrend and evidenced by series of hh/hl + 20MA - look for long entries 2. 20MA working as a support area 3. Strong hammer just formed and glued to the 20MA
We are trading with the trend, from a value area and with a clean entry trigger.
II. Trade 1. Enter next candle 2. SL 1 ATR below 20 MA/ current pinbar 3. TP when price crosses and holds below 20MA
Note: Manage tightly because there is a relevant resistance level as displayed in the chart, potentially posing an obstacle to the development of the trend.
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