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TheSignalyst
Nov 7, 2021 1:51 PM

BTG - Trend-Following Setup! Long

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

BTG is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes.

on H4: BTG is forming a trendline in red 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, BTG would be overall bearish can still trade lower. And for the bears to take over, we need to see a break below the 50.0

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
kimstandgraph
Nice prospective
Astro_fxd
Great
Saif_R
Good analysis!
SignalProvider
My technical analysis shows that you are correct!
nice work
Mihai_Iacob
nicely done!
KlejdiCuni
Keep up the good work!
InkyGrip
Great analysis! 🦐🧨
AlkalineFX
Keep sharing the value!
ForexTrendline
Great stuff, keep sharing!
ShawnMCR
Good job 👏🏼
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