USDTHB Long Term (Double opportunities Read Description)

USDTHB reached a monthly resistance in where price has rejected multiple times. At the same time, it is important to notice how it broke a daily downtrend that it had going on for weeks. Buying opportunities can't be taken at the current level, however, possible shorts opportunities could be taken as soon as price starts shifting market structure on lower timeframes. When price reaches the support area, short positions must be closed and we can start to look for long opportunities in order to trade with the higher timeframe structure.

I do like this pair a lot because of its long constant trends and minimal consolidation, which provides plenty of opportunities and a more relaxed trading experience for swing traders.

RESUMED Idea: Currently looking for shorts as long as a long term pullback it is highly likely to occur. Shorts cannot be opened until smaller timeframe changes structure to bearish. Looking to close shorts and open longs when price reaches the support area as overall higher timeframe (Weekly and Monthly) are bullish. This is a long term/ swing trade.

ENJOY and Good Luck on your trading.