Hello everyone, here is the top-down analysis for USDHUF, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
on H4: USDHUF is sitting around resistance so we will be looking for objective sell setups on lower timeframes. on H1: USDHUF formed a descending triangle in red and head and shoulders pattern so we are waiting for a momentum candle close below our lower red trendline which also acts as the head and shoulders neckline to sell this one.
we are waiting for a momentum candle close below our lower blue trendline to sell this one long-term. meanwhile, our blue trendline acts as support, so we will be looking for objective buy setups on lower timeframes.
SPY is a chart I always keep an eye on and this pattern has started to form on the daily and, when formed, can be a very powerful pattern to trade and help find good risk reward opportunities. As soon as I saw this chart in my review this eve, I knew I had to get a video out to the community! xeenos trading - sending positive energy to all those watching
This is a great example of how keeping certain things on watch and just taking 30-60 seconds each day to glance at and mark the daily chart can help you find intraday setups (with the initial levels coming from the daily chart). I don't know for sure as I keep this chart on watch so I'm always familiar with the levels... but I truly believe IF I DIDN'T know this...
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Welcome to our enTHUZed trading community! Our educational crypto trading group is focused on learning trading through actual trade repetition. Learn enTHUZed’s quick and easy Strength Trading style using simple chart indicators to “short the Rips and long the Dips”! We cover these major contract/leverage trading pairs regularly: BTC, BCH, EOS, ETH, LTC & XRP...
Ignore as its not complete as I'm continuing the series of play with the tool. ** However I'm giving insight to a CONTRACTING or SYMMETRICAL Triangle at play ** Hope I get it right. :)
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I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.