Auroras_Encore

GBHUF - Low time frame analysis

Long
FX_IDC:GBPHUF   BRITISH POUND / HUNGARIAN FORINT
Evening All.

GBPHUF - Analysing this pair, I see price action has respected the lower trend line well in the past. Coupled this with a bullish divergence favourable volume and a break of the low time frame trend line , I will be longing GBPHUF with a potential target between .5 and . 618 retracement . I back this level with historic S/R of PA where price action may come into resistance.

FX_IDC:GBPHUF

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