FTM - Once A Beast, Always A Beast!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

FTM rejected a strong demand zone so we will be looking for buy setups on lower timeframes.

on DAILY: FTM formed a valid inverse head and shoulders but it is not ready to go yet.

For the bulls to take over, we need a momentum daily candle close above the gray neckline.

🎯Targets => Our first resistance / target would be around 1.0 so I will be monitoring price action there.

If we break it upward (purple projection) then a movement till 2.0 would be expected.

Meanwhile, until the buy is activated, FTM can still trade lower inside the demand zone .

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich