USDHUF made a quick correction. Many traders see such a move as a turn, but remember: until the weekly pivot (red zone) is broken, this market is in a long trend. I've marked the long trigger zone that, at the moment, shows the level that, if taken back by the buyers, I go long.
This correction could be just the A wave of a wave IV correction. I believe it could hit the 390-386 zone it seems and from there we should see a final rally to 450+ potentially even 480-500 if the FED will be really aggressive with rate hikes - DXY could be getting close to 120 even - then it might top out and a bigger correction would start / US indices bottom out and start another rally