Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIL is approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: FIL is forming a trendline 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, FIL would be overall bearish can still trade lower till the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FIL is approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: FIL is forming a trendline 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, FIL 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
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT