Hi✋🏽 USDHUF made a quick correction. Many traders see such a move as a turn, but remember: until the weekly pivot (red zone) is broken, this market is in a long trend. I've marked the long trigger zone that, at the moment, shows the level that, if taken back by the buyers, I go long. What do you think??? Trade safe! ⚪️⚫️...
Hi✋🏽 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...
Hi Everyone!✋🏽 USDHUF trend is long. If you take a look at the daily (it is the H4 chart), you can seen that it has reached the Daily FIBO 200 level with a sharp impulse wave. It's more likely that smart money realizes profits at this level, and on H4 there is a 1-2-3 move down beyond the last north breakout. These two factors tell me that a correction is under...
Bullish rally at USDHUF already reach resistance point inside channel up at 441.750 in the next few week we expect some correction with target at fibonacci channel around 420, with maximum target at channel support around 406.17 to take short sell at bullish market is not an option, the best strategy to enter this market are to wait this coorection over, and take...
Hi Everyone!✋🏽 Just a quick update on the USDHUF. Direction is undecided yet, I'd wait for a confirmation in the trigger zones. ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my...
Expect USDHUF to decrease 2.59%. Note that the trend line has 6 touches. Six wicks created the trend line. Three touches on top. Three touches on bottom of trend line.
USD/HUF technical analysis The worst-performing currency today is the Hungarian forint, down by more than 1% on the day against the USD ( USD/HUF ), as Russian gas disruptions fuelled selling pressures on Central Eastern European currencies. The latest candlesticks analysis provides a strong bullish signal generated by the three white soldiers pattern. This...
USDHUF is showing strong bullish trend in both hourly and daily charts. If you like my analysis feel free to comment and follow.
USDHUF $USDHUF Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
USDHUF $USDHUF Short Scalp. TPs on chart. 100-500x leverage. Trail after TP2 with .5atr step, 1.5 atr offset.
Labeling later, keep focus to the wave action, completing the correction
The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has...
Entry Price 328.320 Take Profit Price 368.058 Broken Level Retested Level
The hungarian forint is one of the best influenced currency by the ukrainian conflict. I'm not suprised by this price action, brace yourself for more long entry. Bullish, than bearish.
Bearish, than bullish. On the way to make the base of an impulse wave.
nice and strong breakout, now wait for the correction, then bullish
USDHUF Entry Price 320.126; Take Profit Price 323.070
close to complete the minor wave, nice fractal movement, TP 320.00