USD-HUF Double-Top AnalysisUSD-HUF Double-Top Analysis:
Bullish Trend will be converted into Bearish and the Divergence was seen.
Sell Stop level is at 369.900, Stop loss at 380.400,
TP-1 will be at 360, and the TP-2 at 350.
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USD/HUF - (massive) Long; Highest conviction trade since 2020!This is a no-holds-bared, unmitigated, lock-and-load - and do it now! -, scenario. It does not get any easier than this, not even in the EUR/USD.
The Hungarian Forint is staring at a massacre, with immediate effect.
(... despite the fact that I applaud Victor Orban, the Hungarian Prime. Neverthe
WAVE 5 IS ABOUT TO START(BULLISH)I'm expecting a bullish trend from that support zone now and according to Elliot Wave Market needs to complete wave 5 before a bearish swing which will be wave 2 with A,B & C then continue going up.
NB :Risk management is the e Key to become a Successful trader
USDHUF exotic planI´m expecting weakening of this pair due to economic situation in Hungary and 25% of inflation. Enter just if any 1D candle closes above entry line. Cutloss if any daily closes below SL zone. Wish you good luck.
USDHUF (short scalp)Probability: ~41%
Aggressive entry info:
Entry: 358.551 // OANDA Feed
Stop loss 358.786 /// OANDA Feed
Take profit 1: 353.319 Risk to Reward: 23
Take profit 2:352.330
Conservative /ideal entry info:
Entry: 360.396// OANDA Feed
Stop loss 360.988/ OANDA Feed
Take profit 1: 353.319 Risk to Rewar
USDHUF Carry Trade BIG POSITIVE SWAPThanks 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
USDHUF LONG TRADEI am going long after a bullish pin bar formed on the daily chart at a broken resistance level which hopefully now is acting as support. Also the bullish pin bar formed at the 61.8 and 50 Fib levels so I am going to go long and target the next level.
Project Genesis - USDHUF Buy with Daily ConfirmationThe 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
Project Genesis - USDHUF Sell With 15 Minute ConfirmationThe 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
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