ROSE - Trend-Following Buy Setup!

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

ROSE is overall bullish trading inside the blue channel. Since it is currently sitting around the lower blue trendline, we will be looking for buy setups on lower timeframes.

on H4: ROSE 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, ROSE would be overall bearish from a short-term perspective and can still trade lower inside the green support before going up.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL indicator

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