To trade this strategy LONG requires the following:
1. Price must be moving upwards and be above the 20ema ( Can be one or several bars).
2. Price must pullback towards the20ema without crossing.
3. To enter LONG we place our ORDER above the high of previous down bar as shown below
4. Place a STOP LOSS below the low of the break out bar
5. Target is discretionary but look for at an RR of 1.5 - 2 or greater.