elblanco0

USDHUF best possible setup for long.

Long
FOREXCOM:USDHUF   U.S. Dollar / Hungarian Forint
Mid to long term trade idea. This pair is in a bullish flag . For the USD to cost only 284 is more than a bargain price to load up on dollars against the forint. Also confluence is the retracement to Fib 0.382 of the bull run that started in 2018. I think there is not a better setup to make some good money. Price however may hit 280 so I wouldn’t place stop loss at that area, but I think 280 is the very bottom if we go there.