Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: FACEBOOK is sitting around strong support in green so we will be looking for buy setups on lower timeframes.
on H1: FACEBOOK is forming a trendline in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing.
Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple)
and of course, as price approaches our upper blue resistance, we will be looking for sell setups
Until the buy is activated, this one would be overall bearish and can still test the lower green support or even break it downward.
Good luck!
on DAILY: FACEBOOK is sitting around strong support in green so we will be looking for buy setups on lower timeframes.
on H1: FACEBOOK is forming a trendline in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing.
Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple)
and of course, as price approaches our upper blue resistance, we will be looking for sell setups
Until the buy is activated, this one would be overall bearish and can still test the lower green support or even break it downward.
Good luck!
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
