FLOW - Potential Bullish Reversal!
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FLOW is approaching a strong round number 10.0 so we will be looking for buy setups on lower timeframes.
on H4: FLOW is forming a channel in blue but the upper trendline 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, FLOW would be overall bearish can still trade lower till the green 10.0 before going up (gray projection)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FLOW is approaching a strong round number 10.0 so we will be looking for buy setups on lower timeframes.
on H4: FLOW is forming a channel in blue but the upper trendline 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, FLOW would be overall bearish can still trade lower till the green 10.0 before going up (gray projection)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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