Highly risky, as we are at the bottom and looking to break either up or down. The indicator is showing a long trade, which we've entered with a very small position. Looking at the 2 first resistance levels to see the reaction and perhaps take (some) profits. This is more likely to be a short swing trade rather than the beginning of a new bull market, so we're keeping an eye on the smaller timeframes too. Let's see how this develops...
For more information on the ZenTrend Follower indicator please see below: