vlad.adrian
Long

EURHUF - Class A bullish divergence

FX:EURHUF   None
154 8 4
The weekly stands close to value, and it looks like the bearish divergence will be cleared
snapshot


The daily chart shows a class A bullish divergence , confirmed by a bullish candle and the blue>green impulse. I am already long, and it looks like it is a good idea to add. Targets outlined on chart. Soft stop for this pair, it just loves false breakouts.
22.12.2014 closed the entire position
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19.12.2014 closed half
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11.12.2014 doubled up
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Agree, but I think we may see one more wave down before the major move up.
If you are interested I posted one idea with some macro sight about EURHUF yesterday as well (https://www.tradingview.com/v/NcmWyL0C/)
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Yes, that's why I have a soft stop on this, so I wont be stopped out if another selling wave hits the market
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Kumowizard PRO vlad.adrian
yes, HUF trading needs patience, proper timing and position sizing. But the way will be up, at least from Jan/2015
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Kumowizard PRO Kumowizard
In fact recently HUF is a lot less volatile than NOK :-)
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I think it's a great pair to trade, mainly because of its ranges. I just find range trading pretty easy (as easy as trading can be ofc) because all the information is right in front of you. You have a resistance, a support and all you have to do is trade between them, and of course, doing just this, without over thinking, makes it hard. People tend to complicate things.
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