Keeping it simple: 1. Uptrend identified after a ranging phase a) HH/HL b) price above 20 and 50d MA, c) 50 d MA pointing higher 2. Trend line touched and respected 4 times 3. Relatively strong bullish engulfing with abt 1.5 ATR size 4. Value zone has been reached
Long until price closes below trendline, sloss 1 ATR below trendline or 1 ATR below bullish engulfng candle