ROSE - My Trading Plan in a picture!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: left
ROSE is overall bullish trading above the blue trendline and now retesting its All-Time-High so we will be looking for trend-following buy setups.
on M30: right
ROSE is forming a channel in red, so we are waiting for a new swing high to form around the upper trendline 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, ROSE would be overall bearish can still trade lower till the blue trendline before going up. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
