Hello everyone, if you like the idea, do not forget to support with a like and follow.
FTM is overall bullish trading inside the blue channel and now approaching the lower blue trendline so we will be looking for trend-following buy setups.
on H4: FTM is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, FTM would be overall bearish can still trade lower till the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FTM is overall bullish trading inside the blue channel and now approaching the lower blue trendline so we will be looking for trend-following buy setups.
on H4: FTM is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, FTM would be overall bearish can still trade lower till the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal