Sell USDHUF. Touching resistance as well as SMA50. In addition, doji formed yesterday.
Head and Shoulders setting up on the Daily time frame.
the mkt break below the support and retested, but last week's candle is not quite bearish
A nice breakout in USDHUF. A sort of inverted head & shoulder structure has appeared. The day is not over yet, but I guess the close will stay above the breakout line.
Thanks to @chartwatchers I discovered this pair and found out that it was a pretty interesting setup for my strategy. IMO, Arpi is one of the best trader around here and even he teached me lots of knowledge through his ideas. So, this pair is breaking up to the upside on 4H. So we should have a nice follow up on 4H, then when daily meet the upper band we will...
looking to buy at low of the correction but be careful as more down is possible. if no buy setup i will wait for breakout and flag before buying
Next one USD pair with potential to form another one wave up. I will wait around FIBO 61.8 retracement to open Long position with R/R 2:1.
Weakening Forint! Before new highs there will be some smal set back, but I would not like to see below 284.50. I'm in long from 276, after a breaking. I hold the stop at 271, but now it is at 284, and hope closing it above 300.
Another guaranteed profitable trade : SELL USDHUF until quote 291.20 then close and take profit. Success. The indicators say all.