FTM Strong Support Ahead 🏹 Analysis #13/50
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
FTM is overall bearish , however we are approaching a strong demand and support zones. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
FTM is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.
Meanwhile, until the buy is activated, FTM can still trade lower till the 0.27 - 0.30 support zone .
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
FTM is overall bearish , however we are approaching a strong demand and support zones. So we will be looking for buy setups on lower timeframes.
on H4: Right Chart
FTM is bearish from a short-term perspective trading inside the falling red channel.
🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.
Meanwhile, until the buy is activated, FTM can still trade lower till the 0.27 - 0.30 support zone .
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
