EURHUF: Opportunity to sell higher.

This pair has been trading inside a very long term Channel Down on 1W (RSI = 37.951, MACD = -0.084, Highs/Lows = -2.8661, B/BP = -5.8570) and has just touched the inner supporting trend line. As indicated by the July - August 2018 fractal, this trend line can provide the necessary support for a bounce towards the inner resisting trend line (321 - 322). This is an ideal short entry for the next Lower Low of the Channel near 314.00. Attention is required as 315.00 is a long term monthly support so as we approach this level make sure you secure the largest portion of your profit.






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

Comments and likes are greatly appreciated.