Long
REEF - Potential Bullish Reversal!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
REEF is sitting around strong daily demand in green so we will be looking for buy setups.
on H4: REEF formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the last swing high (in gray) and the orange 0.020 to buy. Preferably after a short-term bearish movement as shown by the purple projection.
Meanwhile, until the buy is activated, REEF would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
REEF is sitting around strong daily demand in green so we will be looking for buy setups.
on H4: REEF formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the last swing high (in gray) and the orange 0.020 to buy. Preferably after a short-term bearish movement as shown by the purple projection.
Meanwhile, until the buy is activated, REEF would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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.