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USDHUF - Downtrend and preparing for the next leg

Short
U.S. Dollar / Hungarian Forint (FX_IDC:USDHUF)  
winningeveryday Updated   
FX_IDC:USDHUF   U.S. Dollar / Hungarian Forint
Trend Analysis
2
0
trendanalysis
USDHUF is showing signs of negative divergence and is getting ready for its next big move.

The path of least resistance is on the downside.

Open a small SHORT position on USDHUF and save your capital to increase your position if the price moves higher.

This trade setup has an excellent RISK/REWARD ratio.
Comment:
Minor correction from the chart:
TARGET 1: 267
TARGET 2: 247
TARGET 3: 237
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