USDHUF Foreign Currency Pair Trend: Up Level: EMA 10, EMA 20, Diagonal, Horizontal Signal: Break Out Candle
Hello everyone, if you like the idea, do not forget to support with a like and follow. USDHUF is sitting around a daily resistance in blue so we will be looking for sell setups. on H4: USDHUF formed a head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to prove control again. Trigger => Waiting for a momentum candle...
can buy after breakout for low risk trading. or can buy with this candle close and lower stop loss.
Mid to long term trade idea. This pair is in a bullish flag. For the USD to cost only 284 is more than a bargain price to load up on dollars against the forint. Also confluence is the retracement to Fib 0.382 of the bull run that started in 2018. I think there is not a better setup to make some good money. Price however may hit 280 so I wouldn’t place stop loss at...
As you might know Hungary is at the 2nd place in Covid vaccination in Europe. As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 . It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again. Indicators:...
After not entering at the most aggressive area for our structure based trade, I waited all week for UH to set up with a more defined direction and seems to be we will be speculating for an exhaustion entry following our 3:1 ratio.
PA has gotten to a major level of structure where price has reversed multiple times with significant pushes to either side of the market, I'm willing to let price action set itself of for a Long opportunity for this upcoming week and next, possible 2 week hold if price decides to respect the swap lv. and Bulls enter this pair with the same kind of force.
Yesterday I wrote about the symmetrical triangle (blue lines) + As you can see, a nice hidden divergence (red lines) formed in the daily chart. The situation is still very bullish. Around 309.5-310 there is a good buy opportunity.
Did you miss triangles, wolves?🔥 There is a symmetrical triangle on USDHUF currency pair. There was a strong bearish sentiment before and now the price is in consolidation. So it may be a signal of continuation trend or the price may reverse its own movement. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis ,...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: USDHUF is sitting around strong support in green so we will be looking for buy setups on lower timeframes. on H4: USDHUF is forming an ascending triangle in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our...
USDHUF - 📌 SIGNAL buy limit 290.791 SL 289.211 (1570PIPS) TP1 294.526 (3724PIPS) TP2 297.683 (6892PIPS)
USDHUF SIGNAL buy limit 291.416 SL 289.869 (1547PIPS) TP1 294.526 (3130PIPS) TP2 297.683 (6267PIPS)
USDHUF has been consolidating, as always we buy LOW and sell High , we will be waiting for price to reach on the Support before taking a long with a nice and good risk to reward ratio
Inverted Head & Shoulders pattern. signalling start of reversal for this pair. Driving force for this trade will be the fundamentals and relying heavily on the dxy to make some sort of bounce back. Currently waiting on the neckline breaking. TP1 305 TP2 315 Swing trade TP 340