Highly risky, as we are at the bottom and looking to break either up or down. The indicator is showing a long trade, which we've entered with a very small position. Looking at the 2 first resistance levels to see the reaction and perhaps take (some) profits. This is more likely to be a short swing trade rather than the beginning of a new bull market, so we're keeping an eye on the smaller timeframes too. Let's see how this develops...
For more information on the ZenTrend Follower indicator please see below:
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.