EURHUF - Class A bullish divergence

160 8 4
The weekly stands close to value, and it looks like the bearish divergence will be cleared

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
19.12.2014 closed half
11.12.2014 doubled up
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/)
vlad.adrian Kumowizard
Yes, that's why I have a soft stop on this, so I wont be stopped out if another selling wave hits the market
Kumowizard vlad.adrian
yes, HUF trading needs patience, proper timing and position sizing. But the way will be up, at least from Jan/2015
Kumowizard Kumowizard
In fact recently HUF is a lot less volatile than NOK :-)
vlad.adrian Kumowizard
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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