USDHUF has reached its bottom. In our opinion, the 256 Huf correction axis is expected to slow. It can take up to several days. After that, you can reach the second correction level at 269.24 with a bit more momentum. There is still low traffic at this location and a slight increase, a bigger back correction breaks the impetius. After that, we are expecting a much larger increase in trading, which may raise the exchange rate to our target at 283,78 Huf. Here we would close our USDHUF long position.
@VargaEdmond, Thank you for your comment and thank you for your appreciation. Although our drawings are quite simple, but the result is three distinct strategies. Based on these, we also trade. Of course, it does not always come in, but in the long run, we can make a profit with this combination of strategies. We're glad you wrote.
Have a nice day.
Hi, Mészáros
Thank you! It looks real :)
Edmond