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!
Trade Made Simple
RichTL.com
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.