GRT – Top-Down Analysis!

GRT – Top-Down Analysis!

WEEKLY: Right ChartGRT is overall bearish however, it is approaching a strong demand zone in green so we will be looking for buy setups on lower timeframes
DAILY: Left Chart
GRT is forming an inverse head and shoulders pattern but it is not ready to go yet.

GRT Chart
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.


Meanwhile, until the buy is activated, GRT 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

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal