The trend is bullish based on series of higher highs and higher lows. Bullish engulfing candlestick has indicated the possibility of another higher low and further uptrend. Entry taken with stop loss at previous confirmed higher low. The idea is riding the bullish trend by modifying stop loss if new higher lows keep on forming.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.