Top-down analysis is a comprehensive strategy that begins with a broad picture of the market and progressively focuses in on details. It incorporates a number of time frames, economic indicators, and analytical tools to give traders a comprehensive grasp of the market environment.
In my few years of trading the financial markets, I have found that trading is...
BTCUSD has been on consolidation for a while now. I assume it is accumulating positions for a distribution that will occur on the near future.
I expect it to take out the EQH before it goes on a bearish move which will take out the 50% level.
The EURUSD will likely retrace once it breaches the 50% level after which another EU rally is expected. Tonight is the interest rate decision so let's first see what happens after that.
