USDHUF // correction scenarios
Hi✋🏽
A clear start of the correction made (part of) its first impulse wave that tested a nice north breakout on H4. I expect a correction from here and another wave down where the target is a Daily north breakout.
Important to know that imho the steepness of the curve doesn't matter, we are in the CORRECTION. It means, R/R ratios are not as favorable as in an impulse wave in the direction of the main trend on the W/D timeframes.
However, we are possibly in a local stop of the uptrend that may resume any time.
What do you think???
Trade safe! ⚪️⚫️
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
I JUST REACT!
Thanks for reading my analysis!🤘🏽
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
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A clear start of the correction made (part of) its first impulse wave that tested a nice north breakout on H4. I expect a correction from here and another wave down where the target is a Daily north breakout.
Important to know that imho the steepness of the curve doesn't matter, we are in the CORRECTION. It means, R/R ratios are not as favorable as in an impulse wave in the direction of the main trend on the W/D timeframes.
However, we are possibly in a local stop of the uptrend that may resume any time.
What do you think???
Trade safe! ⚪️⚫️
--------------------------------------------------------------------------------
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
I JUST REACT!
Thanks for reading my analysis!🤘🏽
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
----------------------------------------------------------
Trade closed: target reached
