WBT - Approaching A Strong Demand!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is approaching a strong demand zone so we will be looking for buy setups.
on H1: Right Chart
WBT is forming a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a new major swing high to form and then a break above it and above the upper red trendline.
Meanwhile, until the buy is activated, WBT can still trade lower till the daily demand zone where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
WBT is approaching a strong demand zone so we will be looking for buy setups.
on H1: Right Chart
WBT is forming a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a new major swing high to form and then a break above it and above the upper red trendline.
Meanwhile, until the buy is activated, WBT can still trade lower till the daily demand zone where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich