The previous TP = 283.20 on USDHUF was hit and the pair has been trading sideways since within a 273.754 - 285.075 1W Rectangle (ADX = 17.489, Williams = -49.968, Highs/Lows = 0.0000). The most optimal approach is to long near the 273.754 Support (TP = 283.268) and short near the 285.075 Resistance (TP = 275.110).
USDHUF is showing signs of negative divergence and is getting ready for its next big move.
The path of least resistance is on the downside.
Open a small SHORT position on USDHUF and save your capital to increase your position if the price moves higher.
This trade setup has an excellent RISK/REWARD ratio.
USD/HUF reversed like in the textbooks (XABCD) till 161.8 Fib.
The bullish trend still has rate differential support with Fed not being afraid to hike further despite Trump rhetoric.
Next level is 295 previous high.