Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: USDHUF is sitting around strong support in green so we will be looking for buy setups on lower timeframes.
on H4: USDHUF is forming an ascending triangle in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)
Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple)
Until the buy is activated, this one would be overall bearish and can still dive inside the green support before going up.
And as price approaches our upper blue resistance, we will be looking for sell setups.
Good luck!
on DAILY: USDHUF is sitting around strong support in green so we will be looking for buy setups on lower timeframes.
on H4: USDHUF is forming an ascending triangle in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)
Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple)
Until the buy is activated, this one would be overall bearish and can still dive inside the green support before going up.
And as price approaches our upper blue resistance, we will be looking for sell setups.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT