Get started
RizeSenpai

EURHUF: Monthly Bearish Divergence 3 Line Strike Double Top

Short
EUR/HUF (OANDA:EURHUF)  
RizeSenpai  
OANDA:EURHUF   EUR/HUF
Trend Analysis Chart Patterns Technical Indicators 3linestrike threelinestrike bearishdivergence Monthly Charts rejection
2
3
trendanalysis chartpattern indicator 3linestrike threelinestrike bearishdivergence monthly rejection
This seems like it's set up to give us a Deep Retrace in the Coming Months; For 3 months It tried to make a Higher High and it succeeded only to be Bearishly Rejected by one big Bearish Monthly Candle afterwards.

Upon making this higher high you showed huge amounts of Bearish Divergence on the RSI and you printed a Bullish 3 Line Strike Pattern. Due to this i can only assume we will see much lower prices from here.
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.