🔥 FTM Potential Bounce From Trend Line

٤ مارس ٢٠٢١

FTM has been following this trend line for quite some now. This trade is based on the idea that FTM will once again bounce and make a bullish move. Since FTM has made some very strong returns as of late, this trade is a riskier one since FTM could sell-off at some point.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!