Looking at Zen , we see that it bounced earlier, and it in a strong trend upwards. I did not see it before, but were still on time to add during a pullback.
Heres the plan!
We see Zen is having a strong trend up. So we need to see if we can jump into this trend.
We see that Zen has bounced when it formed a support (letter A) and then it failed to go up. Another try to hit on support was rejected ( letter B) and from then the trend started. We see it continues, as RSI is showing higher lows.
ADX is going up firmly.
MACD-H is a little bit neutral, showing the result of the consolidation after the large green bars. Time to find out entry!
How did we find our entry?
We have to get in, by zooming in on a shorter timeframe. I took the 10m chart. I found the price is hitting -1 ATR now and then, these are marked with rectangulars. While I was writing this,
the rectengular on the right was not hit, but when I post it my buy was already filled. ATR channels are really helpful to place your buy orders!
The trade is active.