TradingView
InvestingScope
Oct 25, 2019 6:27 AM

EURHUF: Strong long opportunity on the 1W Channel Up. Long

EURO / HUNGARIAN FORINTICE

Description

The pair has been trading on a very strong and steady 1W Channel Up since April and has just hit the Higher Low supporting trend line (RSI = 53.917, MACD = 2.461, ADX = 44.042, Highs/Lows = 0.0000). This makes it an automatic buy opportunity for us, especially since the RSI on the 1D time frame nearly hit 30.000 and rebounded. Our Target Zone is 338.000 - 340.000.




** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.
More