LUNC - Trend-Following Setup!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LUNC is overall bullish trading above our brown trendline acting as a non-horizontal support.
Since LUNC is sitting around our brown trendline, we will be looking for trend-following buy setups.
on H1: LUNC formed a valid trendline in orange but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray.
We would be overall bullish, unless the bears manage to break below the green support zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LUNC is overall bullish trading above our brown trendline acting as a non-horizontal support.
Since LUNC is sitting around our brown trendline, we will be looking for trend-following buy setups.
on H1: LUNC formed a valid trendline in orange but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray.
We would be overall bullish, unless the bears manage to break below the green support zone.
Always follow your trading plan regarding entry, risk management, and trade management.
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:
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.