We have seen bullish pin bar
and market is in uptrend on weekly , daily and 4hrly time frames. In addition we have seen a ringed low formation with second candle have lower low and lower high below the previous candle. In addition 10 EMA
is above 20 EMA
. All this 3 signals are in favour of bullish
move of this market and we would be looking going long with entry above high of the candle and close below low of the candle , targeting 2:1.