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RiosTrades

USDHUF Ascending Channel Breakout in MOTION!

Short
U.S. Dollar / Hungarian Forint (OANDA:USDHUF)  
RiosTrades  
OANDA:USDHUF   U.S. Dollar / Hungarian Forint
Trend Analysis Chart Patterns Technical Indicators USDHUF USD HUF short Bearish Patterns Fibonacci breakout Parallel Channel
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trendanalysis chartpattern indicator usdhuf usd huf short bearish fibonacci breakout parallelchannel
After a long race uphill on USDHUF, finally price made its way to a negative interest of buy orders and decided to narrow lower and lower until breaking out of its well respected channel. Entry idea would be to wait for both the finish of the breakout impulse and wait patiently for price to retrace properly before entering short for optimal risk-reward.
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