IDEA - My Trading Plan in a picture!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
IDEA is still sitting around a strong demand zone in blue so we will be looking for buy setups.
Long-term: on the left
on H4: IDEA is forming a channel in red 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)
Short-term: on the right
Since IDEA is sitting around the demand zone, we will also be looking for short-term buy setups on lower timeframes.
on H1: IDEA formed a double bottom pattern in gray, 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 gray neckline to buy.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
IDEA is still sitting around a strong demand zone in blue so we will be looking for buy setups.
Long-term: on the left
on H4: IDEA is forming a channel in red 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)
Short-term: on the right
Since IDEA is sitting around the demand zone, we will also be looking for short-term buy setups on lower timeframes.
on H1: IDEA formed a double bottom pattern in gray, 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 gray neckline to buy.
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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