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Look for either a bounce at the 78.6 percent retrace of a break of resistance for entry.
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: USDHUF is sitting around strong support in green so we will be looking for buy setups on lower timeframes. on H4: USDHUF is forming an ascending triangle in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our...
Did you miss triangles, wolves?🔥 There is a symmetrical triangle on USDHUF currency pair. There was a strong bearish sentiment before and now the price is in consolidation. So it may be a signal of continuation trend or the price may reverse its own movement. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis ,...
I can definitely see a break above the support levels seen in past. with no massive volatility at moment and the recovering USD at the moment. this trade can can bring some great potential profits in the short term and long term if we see the brake above TP3! TP1: 298.9400 TP2: 300.8077 TP3: 301.8077
Price has been trading in this range since early December. Waiting for confirmation of a price breakout above the triangle before entering (lower risk). Potential target: ~306.3 Always remember to set stop loss in case price reverses. In the meantime, some trades can be done within the triangle channel as well. Personally I would enter a small amount once price...
USDHUF - 📌 SIGNAL buy limit 290.791 SL 289.211 (1570PIPS) TP1 294.526 (3724PIPS) TP2 297.683 (6892PIPS)
USDHUF SIGNAL buy limit 291.416 SL 289.869 (1547PIPS) TP1 294.526 (3130PIPS) TP2 297.683 (6267PIPS)
USDHUF has been consolidating, as always we buy LOW and sell High , we will be waiting for price to reach on the Support before taking a long with a nice and good risk to reward ratio
A triangle pattern is forming and you have to wait for one of the areas
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
New lows on the Hungarian Forint will cause the price to drop further or retest and continue the downtrend. Once newer lows are reached, the price may retest and create a buy opportunity.
USD / HUF broke out of the upward support level opening the path till 276 HUF / USD support level. I expect the support to hold the price and putting back the price to the middle of the regression channel
WE CAN WAIT FOR BEARISH ENGULFING BAR AND WE WILL ENTER THE TRADE INSHALLAH