USDHUF UPDATE and new opportunityHello 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!
Descending Triangle
USDHUF waiting for our trigger to sellon 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.
USDHUF two possible scenaioswe 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.
ABSOLUTE MUST SEE pattern on SPY $SPY DAILYSPY 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
Planning intraday trade in $AAPL night before - KNOW THE DAILY!!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 chart well and just glanced at it while intraday scanning... I don't think I would see the setup in time to trade it.
Yes - it takes extra work to keep high beta names and in play names on a separate watch list... they aren't "exciting"... but just 30 seconds to look at the chart each day can really pay when the stars align and they present a clean setup.
xeenos trading - sending positive energy to all those watching
BTC (Prj.Y19.P6.TEST2).Video.Rec.TEST2Ignore 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. :)
Bitcoin - Zoom Out ~ Deep Dive 9/24/19I 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.
Bitcoin - Contrarian View ~ Deep Dive 8/31/19I 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.
