It seems that on the short term 4H chart, a bullish cypher pattern is emerging. Buy in if price reach 397,77 HUF TP: ~407 HUF SL: 394,80 HUF Time interval: ~1-3d
EURHUF $EURHUF Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Did take the first profit on the short I published on May 26. I moved my stop loss a bit and adjusted the Harmonic pattern to a Daily Chart to have a clearer view. Frankly, I am skeptical of hitting the 357 ish target, But I want to stick to this TA as much as possible. Will partially take profit along the way. the ECB on Thursday is what I'm looking forward to.
Been watching the EURHUF for several months now. as the political/economic situation in the eastern part of Europe gets more and more complicated, could picture this Bullish Harmonic pattern forming against the Hungarian Forint. I know shorting the incomplete harmonic is not recommended, but I believe with a managed risk, you can trade any Idea. Of course, in...
Despite some modest HUF strenghtening EURHUF looks always bullish as hell. Hungary's central bank MNB announced bigger steps in rate hikes, projecting 8% by the end of the year. Plus, elections coming ahead and none of the results favouring HUF in the short term. Viktor Orban's 4th consecutive win would give HUF a great pressure, assuming the continuation of the...
this "little" butterfly bring me some money 🙂👌❤ comments welcome
In this pair, technical analysis shows a technical figure Flag. The Flag broke through the support line on 01/12/2021. EURHUF is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 6 days with a target of 361.08. According to the experts, your stop loss...
Based on the monthly, weekly, daily trend analysis + Fibonacci I think EURHUF pair will drop to 356.8.
Hurray, my friends🔥 There is one more interesting formation for today. Ascending Triangle on EUR/HUF currency pair. There was a strong and confident bullish sentiment before. According to Elliott Waves theory all the waves are done and now the price is heading to the breakout. So follow the chart and look for the breakout carefully....
Wolves🔥 Here is the one more trade for you! There is an ascending triangle on EURHUF currency pair. There was a slight bearish trend on bigger frame and now the price is in consolidation. According to Elliott Waves theory all the waves are done and the price is heading to breakout. So follow the chart and look for the breakout carefully. If you enjoy my FREE...
EURHUF is expected to rise. The analysis shows that the amplitude of the correction wave sequences is the same (white square). It can also be said that the amplitude of the ascending wave sequences formed after the corrections is doubled. Therefore, I assume that the current system of rules can remain. The forint has embarked on a significantly weakening path. If...
The pair will fail to break out from an uptrend resistance line, sending the pair lower towards its previous low. Hungary is playing fire with the European Union after the country along with Poland vetoed the EU budget of $2.14 trillion over the next seven (7) years. This was following the EU’s stance that the budget allocation can be altered for countries that it...
The pair failed to break out from an uptrend channel resistance line, sending the pair lower. Eastern Europe is leading the recover of the European Union with the Visegrad Group at the forefront. Hungary managed to lessen the country’s unemployment rate from 4.6% in August to 4.4% in September. The recent report represents the second consecutive decline in the...
Eur/Huf showing strong resistant at 360.748 looking for a short term short possible swing trade let me know your thoughts
The market after moving up couldnt make new highs and recently broke the minor channel after a double top. Price is now breaking the 4h structure and at the retest of it we can look for a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY...
The Hungarian momentarily lost its footing against the euro once the month kicked off. But as of today, it manages to ease thanks to stimulus hopes and the performance of the stock market. The global sentiment improved which helped the Hungarian forint and major stock indices. And all of these are because investors are looking forward to further stimulus measures...