IDEA - Trend-Following Buy Setup!
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IDEA is overall bullish trading above our blue trendline so we will be looking for buy setups on lower timeframes.
on M30: IDEA formed a valid trendline in red but it is not ready to go yet. Before we buy, we want the bulls to prove control again.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade test the 0.3 support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
IDEA is overall bullish trading above our blue trendline so we will be looking for buy setups on lower timeframes.
on M30: IDEA formed a valid trendline in red but it is not ready to go yet. Before we buy, we want the bulls to prove control again.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade test the 0.3 support zone before going up.
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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