should've bought at the green arrow ( first green candle after double bottom )
I´m expecting weakening of this pair due to economic situation in Hungary and 25% of inflation. Enter just if any 1D candle closes above entry line. Cutloss if any daily closes below SL zone. Wish you good luck.
Probability: ~41% Aggressive entry info: Entry: 358.551 // OANDA Feed Stop loss 358.786 /// OANDA Feed Take profit 1: 353.319 Risk to Reward: 23 Take profit 2:352.330 Conservative /ideal entry info: Entry: 360.396// OANDA Feed Stop loss 360.988/ OANDA Feed Take profit 1: 353.319 Risk to Reward: 15 Take profit 2:352.330 Take profit 3: 337.830 RR: 6.2%...
Thanks to the large positive swap, we would be in profit even if the price goes in the opposite direction, that's why this high stop loss
I am going long after a bullish pin bar formed on the daily chart at a broken resistance level which hopefully now is acting as support. Also the bullish pin bar formed at the 61.8 and 50 Fib levels so I am going to go long and target the next level.
One vehicle how you can short or long the dollar is the USDHUF. The USDHUF mirrors the DXY moves pretty well. Though watching the FIB retracement we are at no man's land : the Fibonacci 61,8% is still 10 HUF away: we have important levels at 354.738, 352.993, and 351.248. I don't think price will break these levels at the first try. If we can bounce from...
Huge long monthly timeframe. Pullback to 61.8 also strong bullish candle on daily timeframe. For education purposes only
This is a price prediction for USDHUF pair on monthly chart. The price retrace to the monthly orderblock then it will push to the upside from cca.320. If it makes a new swing high(break of market structure) the bullish trend can continue, if not(fails to create a new higher high), a swing market shift will happen.
Good morning to everyone and Happy New Year! As you can see we are investigating the USD/HUF. I strongly suggest you finish your short position on USD due to the fact that technically and also fundamentally we HUF went way ahead way too fast under the current circumstances. We are looking for the dollar will get stronger and we will retest the 400 levers...
My costumized algorithm is giving a long signal - Details on chart
OANDA:USDHUF Price has been funneling hard. It did a brilliant move to downside for a false breakout which took out all buy-side liquidity. Watching for price to tap PWL before making a move upside to take out all sell-side liquidity as all buy-side has been exhausted.
Exchange FOREX Symbol USDHUF Interval 240 Min Pattern Channel Down Length 128 Candles Direction Identified Time 12-12 22:00 Trend Change Continuation Quality Initial Trend Volume Uniformity Clarity Breakout N/A Forecast Price N/A
looks like we will move to the downside . if that happens we are looking to execute a short trade for profit.
After yesterday's FED contribution, price has finished a 1-2-3 wave right into the previous south breakout on the daily, meaning the correction may end here, and price can first make a correction of the correction, then long trend may resume and in this case, further target zones become valid. Trade safe! ⚪️⚫️...
-Head and shoulder pattern created -Price is retesting the neckline -Price is below 4h 200 EMA - 1D RSI is below 50 If price will break out from ascending channel there is good chance for short position TP target: Fibo 0.5 , 1D 200 EMA - 379-385 HUF Fundamental support could be the agreement with EU and the Hungarian Government...
USDHUF is showing Declining phase and Short the position with a Stop Loss 430.25