CHFHUF after the triple top over the 334.500 level broke below until the daily support at 328.300. The market created a double bottom and after a first impulse is now creating a 2ns one. At the retest of the structure, we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
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...
USDHUF OUTLOOK FINAL WEEK OF JULY
The market after the down move has been retracing till the 0.786 fib level nad now testing the daily structure in blue. If the price will manage to break and close below the structure, at the restest of it we can look for a nice short order according with our strategy with a 1st tp around 304. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical...
First wave of the Elliot has reached an end on a key level, correction is expected. Fibonacci 0.382 level is overlap with an another key level. I expect the third wave (the end of the correction) there. The Fibonacci extension 61.8's line overlap with an another strong level.Likely we can estimate the third wave's strength. The Central Bank reduced the interest...
Hello traders! A bearish divergence just showed up and it seems promising! In fact, if you look at the MACD you may see clearly that the bullish momentum is getting weaker and the RSI is almost overbought! These two facts make me think that a bearish reversal will take place (if not now, in a while). The target is our dotted line and remember to put a stop loss...
Earlier last week RiosTrades entered in a Small Short Run for this pair and got out due to potential reversal. This week we look at the market opening ourselves to where price can go (either side, look for reasons as to why price may go the other way). This upcoming week I believe the USD has been doubted for long and will commence in rising, these exotics all...
The market as we expected went to retest the dynamic trend line of the channel on the 4h timeframe. On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel. At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios: - If the market will break above the...
Not too long ago the president of Hungary became a dictator. Here's what I think will happen. I know it's a bit of an uncommon pair, but this is my short-term view.
Hello, here is my analysis for USDHUF. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 USDHUF technicaly based idea, we can see price is bounce from bottom trend line, candels formation is good...
Hi there. Price is forming a possible continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
The pair has been trading on a steady Higher Low bullish sequence on the 1D chart (RSI = 64.877, MACD = 4.886, ADX = 60.426) since 2019. Recently however it has entered a strong parabolic rise that is currently consolidating. Typically this is a sign of exhaustion and the MACD has already started to roll downwards. We are aiming on a 0.500 Fibonacci retracement at...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.