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Topdownanalysis

AUDNZD top-down analysison DAILY: price is sitting around a strong resistance/supply zone in red and also testing our upper brown trendline, so we will be looking for objective sell setups on lower timeframes. on H1: price formed an objective trendline in blue so we are waiting for a momentum candle close below its last swing standing to sell this one. meanwhile, AUDNZD is still overall bullish and can still test our upper red zone to get more liquidity to be able to push down more aggressively.
Short
by TheSignalyst
5
The Top Down Analysis MethodThe signals you get on the higher time frames should surpass that of lower time frames. Reaching a resistance on the weekly time frame but you see a buy signal on H4? Look to sell as the higher time frame data prevails more successfully statistically. Is a trend moving up but you missed the entry? If you determine the market to be bullish you then look for buying opportunities, even mid trend (and this can be done with low risk). This allows you to find opportunities no matter what the market is doing... You see a reversal pattern on H4 to go short? Check on the weekly time frame to ensure you're trading the reversal at the end of the trend! ( That's why it's called a reversal and not continuation). Using the top down analysis method can help you to filter out mistakes from your decision making process with these easy steps. Please join my mailing list for more lessons just like this one zc.vg Happy trading!
Education
by Cmasterza
CHF/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair CHF/JPY. Lets start with the Top Down Analysis. Monthly: On the monthly timeframe we see bearish momentum. Weekly: There is a huge bearish candle after the long bullish pullback. We are bearish from now on. Daily: I think the price will break the inner counter trendline and react to the outer counter trendline. As a result, he will retrace himself from the outer counter trendline and then he will break through the outer counter trend line.
Short
by Bullandbeartrading
9