This makes no sense to me as every one knows that Jarratt Davis is a fundamental Trader. If you have that holy grail system then show your last 3 months verified trading history.guys, no offence, but there's 1 thing i don't get, especially re you, jarratt: why don't you use any statistical tool to find the best entry point? i mean, since you have the wherewithal to buy it from a real quant shop, i don't understand why not.
sure, with no leverage and a very well capitalized account, a 100 pip SL is not an issue. but for the average/beginner retail trader, it usually is, especially when buying at around 90 could mean to see the trade go red for 40-70 pips (if the price drops closer to last week's lows) before the turn-around higher occurs; for those traders, pinpoint accuracy might be more useful such as buying a few bars after the turn-around has been confirmed.
i will address the issue of confirmation below.
here's a link to my chart: https://www.tradingview.com/x/GWozl945
where you can see 2 tools i custom developed (and a 3rd 1 i modified from the already existing TDI) and which clearly show that the market is still in a down move: price's relative position to the blue/green/red lines and where i drew the circles on the studies at bottom to show that we still have no confirmation of a resumption of the uptrend: no bullish cross on TDI and lower TDI band still not even hit; SB (bottommost study) shows no green/lime circles but only red ones, which signifies we're still looking down; smaller red circles indicates the beginning of a weakening in down move (didn't overly the fib levels, but depending where you draw from, the pivots are around the 50% fib).
problem is as follows: where is the best entry point?
since we don't know whether it is going to be here at the 2 major pivot points or further down between WPS1 and yellow S/R line and last week's low, we need something to give us an idea of what the statistical/probabilistic context is. the blue, green and red line are statistical tools i custom coded for this purpose (and no, they aren't MAs).
so the answer is: when the 1st few candles cross over the blue line, at what levels does this happen? if levels are significant and blue line curves as previously and as indicated on chart with the callouts, and furthermore since blue line is so close to the green and red one, a further indication of change of resumption of the upside would be if blue finds itself above both green and red lines. that would be aligned with the fundamental situation as well and therefore that'd be your confirmation.
for the greenhorns, (don't ask me about the lines as it is proprietary) but the takeaway from all this is to do your statistical homework. there's some very simple and basic statistics (beyond just MAs) one can apply to PA to get a better idea of how to position one's trades.
hope this will give you some ideas and spur your own research in developing your own toolset. (and am not implying that people should disregard fundamentals, on the contrary; but with both, one is even better armed sotospeak )