IDEA – Potential Bullish Reversal!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
IDEA is approaching a strong support and round number 0.1 so we will be looking for buy setups.
on H1: IDEA is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
For the bulls to take over from a long-term perspective, we need a break above the upper blue zone.
Meanwhile, until the buy is activated, IDEA would be overall bearish and can still trade lower inside the green support zone .
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
