📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 USDHUF technically based idea, we can see price is bounce from top trend line, its break structure and...
Hello everyone, here is the top-down analysis for USDHUF, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Just a possible scenario based on the last breakout.
USDHUF OUTLOOK FINAL WEEK OF JULY
Hello everyone, here is the top-down analysis for USDHUF, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
The safe-haven appeal of the US dollar continuously falters against the Hungarian forint. And the recent news of a recently agreed upon stimulus package for the eurozone regions has sealed the fate of the USDHUF trading pair. Prices are widely projected to turn out very bearish as the greenback struggles to gain footing against the Hungarian forint. Bears are...
on H4: USDHUF is sitting around resistance so we will be looking for objective sell setups on lower timeframes. on H1: USDHUF formed a descending triangle in red and head and shoulders pattern so we are waiting for a momentum candle close below our lower red trendline which also acts as the head and shoulders neckline to sell this one.
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...
Before you trade, or even before you state your bullish or bearish opinion on a currency pair, you should know the major resistance & support levels! Don't forget to look at the monthly or weekly chart...
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...
240 chart. A bearish shark pattern has completed on the Dollar/Forint. S.l., T.P.s & Entry all sorted. 1) R/R = 2.23% 2) R/R = 3.56
USDHUF is sitting around a strong supply zone in green so we will be looking for objective sell setups. this one formed an objective trendline in red so we are waiting for a momentum candle close below its last swing for more confirmation. we also have a regular bearish divergence adding more confluence to our sell setup.