Daily
We have a bullish TK-cross (1) and a setup and breakout level (2). First resistance levels at the flat kumo are (2) and (3).
4HR
The 4HR chart gave a long setup (1), but the daily showed no bullish signals yet so we ignored the setup. the Red line (2) is where the daily long setup started. From this point we can look at long entry signals on the 4HR chart. The safe entry would be the break of the daily trend breakout level (3) . The first target is around 234(4).
For more information on the ZenTrend Follower indicator please see below:
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
ZenTrader
We have a bullish TK-cross (1) and a setup and breakout level (2). First resistance levels at the flat kumo are (2) and (3).
4HR
The 4HR chart gave a long setup (1), but the daily showed no bullish signals yet so we ignored the setup. the Red line (2) is where the daily long setup started. From this point we can look at long entry signals on the 4HR chart. The safe entry would be the break of the daily trend breakout level (3) . The first target is around 234(4).
For more information on the ZenTrend Follower indicator please see below:
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
ZenTrader
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.