-USDHKD- -EURHUF- These tickers are showing some of the clearest sell signs. I expect these to hit or even surpass targets.
The EURHUF pair is on a peculiar Ascending Triangle pattern, currently supported by the 1D MA50 (blue trend-line) near the Higher Lows. The 1D RSI is on a Higher Lows trend-line of its own and as long as those hold, we are bullish, targeting 394.6500 (Resistance 1). If a 1D candle breaks and closes below the 1D MA50, we will take the small loss and open a sell...
this "little" butterfly bring me some money 🙂👌❤ comments welcome
HUF pulled and over sold waiting for a buy confirmation for the next leg to the 4H highs structure.
Pattern: Channel Up on 1D. Signal: Bearish as the price is approaching the 1W Resistance Zone. Target: 320.00 (1D Support).
Here is a very interesting and technical call as we approach the top in the range. The weakness in global risk sentiment has been the main driver behind the move and we are now approaching value areas for longs to take profits and interesting areas for shorts to re-engage. On the macro side the underlying conditions remain, positive output gaps, above target...
Pattern: Channel Down on 1W. Signal: Bearish after a Lower High was made near 323.000. Target: (A) 319.000, (B) 317.350.
Pattern: 1W Channel Down. Signal: Bearish as the price is entering the Lower High zone. Target: TP(1) 317.650, TP(2) 312.000.