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TheSignalyst
Oct 26, 2021 10:58 AM

FIL - Potential Bullish Reversal! Long

FIL / US DollarBinance

Description

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

FIL is approaching a support zone so we will be looking for buy setups on lower timeframes.

on H4: FIL is forming a trendline 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, FIL would be overall bearish can still trade lower till the green support.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
InkyGrip
Good idea, agree! 🦐
TheSignalyst
@plancton0618, amazing Plancton
CryptoBullTrades
Great job
TheSignalyst
@Crypto_Bazarr, thank you brother
AlkalineFX
Love this analysis!
TheSignalyst
@AlkalineFX, thanks a lot my friend
lanehammet22
Agreed
TheSignalyst
@lanehamm2 amazing
YMGroup
Very nice work.
TheSignalyst
@YMGroup, thanks brother YM
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