Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
GMT is retesting a previous major high so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
GMT formed a trendline in red but it is not ready to go yet.
🏹 For the bulls to take over, we need a momentum candle close above the gray last swing high to buy.
Meanwhile, until the buy is activated, GMT can still trade lower or even break the blue 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
GMT is retesting a previous major high so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
GMT formed a trendline in red but it is not ready to go yet.
🏹 For the bulls to take over, we need a momentum candle close above the gray last swing high to buy.
Meanwhile, until the buy is activated, GMT can still trade lower or even break the blue zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich