FTM - Wait For The Trigger!
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FTM is sitting around strong weekly demand in blue so we will be looking for buy setups.
on H4: FTM formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.
Meanwhile, until the buy is activated, FTM would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FTM is sitting around strong weekly demand in blue so we will be looking for buy setups.
on H4: FTM formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.
Meanwhile, until the buy is activated, FTM would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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