A potential inverse head and shoulders pattern on the chart (not the prettiest, but whatever) and on the RSI as a possible sign of a reversal. Let's see if price can rise above the neckline around 415 HUF, if so: Buy in: above ~415 HUF TP: 433 HUF Time interval ~1-3weeks Fundamental background: The European Commission has concluded that Budapest has not...
What happens first? Breaking 416 or losing 405? The next move may depend on this.
Do to the huge gap in interest rates between the EUR and the HUF it seems like it will only be a matter of time before a bearish pattern like this were to play out.
Basically, this market is a no trade for a long time, I guess... definitely between the long and short trigger zones. A lot of stop before the impulse of the primary may begin. I see no opportunity right now, I just publish it because some of you asked for it. Trade safe! ⚪️⚫️...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Market corrected all the way down to the daily support zone, and may come back into the countertrend of the countertrend , then long trend may resume at the long trigger zone. Long term shorts are only below the short trigger level. Trade safe! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about...
EURHUF made a sharp move in the correction zone all the way down to fibo 61.8%. From here, taking back the lower green level means that the correction of the correction starts. The question is what price draws us next? We can have another wave down, or above the long trigger zone, the uptrend may resume. Fundamentals don't bother me, price tells everything, and...
Hi✋🏽 A sharp move into the correction area means that some traders must take profits. A good entry has been up in the target zone when H4 closed down the previous start of the impulse wave up (see related idea). Now it's time to wait what waves emerge from the market. Sometimes the best trading is staying out. What do you think??? Trade safe! ⚪️⚫️...
Hi✋🏽 Price has reached the daily target fibo 238.2 after an extreme hike, and immediately started to show signs on H4 that the correction has started. Target zone is marked by pink. There may nice day trading opportunities in this countertrend, but the best ones come after the break of the countertrend that's about to be built. What do you think??? Trade safe!...
EUR/HUF strong pullback on Friday. Price came down to a previous resistance. Now acts as support. The pair has to decide the direction. Important support and resistance levels are marked on the chart.
I've been trading for over 7 years and I've come to love pivot points! I see pivot points being used constantly and i just wanted to show you EURHUF on a 15 minute chart as an example. When the US market opened they made big moves around yesterday's price level until it hit the first support level. I use pivots to scalp the market so i can compound my longs and...
Hi Everyone!✋🏽 EURHUF has triggered the long trade, and it's heading to the targets. Please check the related EURHUF analysis. Happy trading! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk...
Buy in: ~393-398 HUF TP: 422 HUF SL: 390 HUF Time interval ~1-3w
Maybe this has no sense but looks like an impulsive wave with 12345 formations! If this will work, it is possible correction from this area to minimal 38,2 Fibonacci level or deeper! Good luck Hungarians :-)
Closing above the trigger zone may bring the HUF lower.
EURHUF $EURHUF Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .