SupersafeTrader

2022-10-W41: USDHUF: Prepare To Drop

Short
FX:USDHUF   U.S. Dollar / Hungarian Forint
Hi friends and fans of Fibonacci

As the price comes to Fib level (1.618, 445.309), it will retrace to some degree, so we could prepare to short. In the past, price retraced at D1 (0.786, 342.943) and D2 (1, 369.273).

Stop Loss: 450.100
Entry D3: 445.309

Target E1: 411.589
Target E2: 387.306
Target E3: 367.680
Target E4: 348.054

Remark: We will update the time when price hits targets in the Comment.
Comment:
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