On this chart you may see that the 200 day moving average is below price.
Therefore we will only trade bullish setups.
What I will add today is that we confirm our entry besides using the 5/8 cross with price action.
As long as we are given higher highs and lows we continue to buy possibly adding to our position.
When the first lower low is provided like the red number 11 then we stop being a bull and exit the market.
Best of PIPS