IDEA - Trend-Following Buy Setup!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
IDEA is overall bullish trading inside the blue trendlines and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: IDEA is forming a trendline (in orange) but it 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)
Meanwhile, until the buy is activated, IDEA can still test the green support 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
IDEA is overall bullish trading inside the blue trendlines and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: IDEA is forming a trendline (in orange) but it 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)
Meanwhile, until the buy is activated, IDEA can still test the green support 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
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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