PA has gotten to a major level of structure where price has reversed multiple times with significant pushes to either side of the market, I'm willing to let price action set itself of for a Long opportunity for this upcoming week and next, possible 2 week hold if price decides to respect the swap lv. and Bulls enter this pair with the same kind of force.
CHFHUF on the 4h chart after the bounce on the weekly support created a strong bullish impulse. According to Plancton's strategy if the market will break above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure...
CHFHUF on the 4h chart is moving on a wide range between 2 major structures. The price after breaking below the ascending trendline is now testing and bounces over a weekly support. According to Plancton's strategy when the price will break below, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
USD / HUF broke out of the upward support level opening the path till 276 HUF / USD support level. I expect the support to hold the price and putting back the price to the middle of the regression channel
CHFHUF after the triple top over the 334.500 level broke below until the daily support at 328.300. The market created a double bottom and after a first impulse is now creating a 2ns one. At the retest of the structure, we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴...
The market after moving up couldnt make new highs and recently broke the minor channel after a double top. Price is now breaking the 4h structure and at the retest of it we can look for a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY...
USDHUF OUTLOOK FINAL WEEK OF JULY
The market after the down move has been retracing till the 0.786 fib level nad now testing the daily structure in blue. If the price will manage to break and close below the structure, at the restest of it we can look for a nice short order according with our strategy with a 1st tp around 304. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical...
First wave of the Elliot has reached an end on a key level, correction is expected. Fibonacci 0.382 level is overlap with an another key level. I expect the third wave (the end of the correction) there. The Fibonacci extension 61.8's line overlap with an another strong level.Likely we can estimate the third wave's strength. The Central Bank reduced the interest...
Hello traders! A bearish divergence just showed up and it seems promising! In fact, if you look at the MACD you may see clearly that the bullish momentum is getting weaker and the RSI is almost overbought! These two facts make me think that a bearish reversal will take place (if not now, in a while). The target is our dotted line and remember to put a stop loss...
Earlier last week RiosTrades entered in a Small Short Run for this pair and got out due to potential reversal. This week we look at the market opening ourselves to where price can go (either side, look for reasons as to why price may go the other way). This upcoming week I believe the USD has been doubted for long and will commence in rising, these exotics all...
The market as we expected went to retest the dynamic trend line of the channel on the 4h timeframe. On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel. At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios: - If the market will break above the...
Not too long ago the president of Hungary became a dictator. Here's what I think will happen. I know it's a bit of an uncommon pair, but this is my short-term view.