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USDHUF is sitting around a daily resistance in blue so we will be looking for sell setups.
on H4: USDHUF formed a head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to prove control again.
Trigger => Waiting for a momentum candle close below the gray neckline to sell.
Until the sell is activated, USDHUF would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDHUF is sitting around a daily resistance in blue so we will be looking for sell setups.
on H4: USDHUF formed a head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to prove control again.
Trigger => Waiting for a momentum candle close below the gray neckline to sell.
Until the sell is activated, USDHUF would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal