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
Sliding this one in - GBPHUF drop
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from Pivots
GBP/HUF in currently trading in a rising wedge and has also formed a double top pattern. Expecting price to lose support and start the bearish trend.
Thanks to the large positive swap, we would be in profit even if the price goes in the opposite direction, that's why this high stop loss
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold Fib Retracement confirms a target to the Long side Take Profit is Derived from Pivots
This is my bearish trend idea, now during bearish flag you can see it .Wait for clear breakout to downtrend after you can entry, because the overall bearish trend . Only in my opinion.
on a weekly timeframe there is a shooting star which shows a more probabile short trade
if this divergence dose not play out, there is no hope and all technical analysis is useless and i will jump off a bridge.