I would enter only on a rejection and bullish engulfing candle. The reason being that I want to see an M formation before it shoots down. THIS IS ONLY AN IDEA. DO NOT TRADE THIS JUST BECAUSE OF THIS IDEA. ANALYSE IT AND SEE FOR YOURSELF IF IT FITS IN YOUR TRADING PLAN.
It has come to the bottom of the trend line on weekly chart and on daily we have got a huge rejection. This is a swing trading so I would be careful with the lots. PLEASE DON'T JUST LOOK AT THIS AND GO TRADING.THIS IS ONLY AN IDEA BUT YOU CAN ANALYSE IT AND SEE IF IT FITS YOUR TRADING PLAN.