USDHUF - The slow thinker.

OANDA:USDHUF   U.S. Dollar / Hungarian Forint
Hello all,

Today, we are posting my observation of the recent crab structure USDHUF has displayed, and is now giving a great regression into it's extension levels. Depicted are the 1.13, 1.27, 1,41 and 1.618 extension levels.

As the chart suggests, we should see a nice move into the 1.13, and then into (B). These moves are most typically strongly considered only after tapping the 1.13 PRZ. This happens quite often, and results in a lengthy run for the asset pair(s)

Of course, use caution; whilst harmonix are a great tool to utilize during a traders analysis, it can be violated like any other theory. This depiction is simply a technical analysis that aims to help other harmonic traders in their consideration of this trade.

Happy charting,


PRZ tapped, initial reaction has been quite extreme. Let's see if it gets sold.

completed, trade materialized. Looks great!


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