Kumowizard

EURHUF - Get ready for re-enter Long

Long
FX:EURHUF   Euro Fx/Hungarian Forint
1
Dail: Slow Stoch bullish cross again, MACD still bullish

4 Hrs: We may see a triangle break soon. Based on the indicators, the probability of a break on top side is higher.
DMI bullish with increasing ADX, Tenkan/Kijun medium buy signal within Kumo, Price trading in Kumo but if it breaks above, that will mean a trend break same time.

Strategy: Entry: 307 Limit Buy / 308,25 Stop Buy OCO.
Initial stop at 306.
Upper resistances are at 310 and 312.

p.s.: USDHUF is almost same pattern. The question is what you believe EURUSD would do as next move.

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