FTM - Trend-Following Setup!

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FTM is overall bullish, broke above the 2.0 round number, and now retesting it, so we will be looking for buy setups on lower timeframes.

on H1: FTM is forming a channel in red but the upper trendline 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, FTM would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL indicator

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