Overall, market is in uptrend (since end of January '22) forming ascending triangle best seen on day timeframe - fakeout happened last week. This formed a shark harmonic pattern on 1hr, indicating a retracement up.
Other indicators, SAR on 15m, 30m, & day timeframes, and MAR suggests buy on day timeframe as well. Engulfing candles on 15m and 30m timeframes.
SL placed just below structure, w/ 3:1 reward/risk. Price could Rise to C of harmonic pattern, or beyond if this results in a true breakout from the triangle. Note, spreads can widen up to 25 pips or more, at turnover, so check this position before 5PM.
Other indicators, SAR on 15m, 30m, & day timeframes, and MAR suggests buy on day timeframe as well. Engulfing candles on 15m and 30m timeframes.
SL placed just below structure, w/ 3:1 reward/risk. Price could Rise to C of harmonic pattern, or beyond if this results in a true breakout from the triangle. Note, spreads can widen up to 25 pips or more, at turnover, so check this position before 5PM.