USDHUF // correction scenarios

ZenTrdr23 Pro Updated   
CAPITALCOM:USDHUF   U.S. Dollar / Hungarian Forint

A clear start of the correction made (part of) its first impulse wave that tested a nice north breakout on H4. I expect a correction from here and another wave down where the target is a Daily north breakout.

Important to know that imho the steepness of the curve doesn't matter, we are in the CORRECTION. It means, R/R ratios are not as favorable as in an impulse wave in the direction of the main trend on the W/D timeframes.

However, we are possibly in a local stop of the uptrend that may resume any time.

What do you think???

Trade safe! ⚪️⚫️


ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.

Thanks for reading my analysis!🤘🏽

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Trade closed: target reached


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