USDHUF- LONG SETUPthe trend is bullish and we got a retracement up to 0.382 level of fib which could be our possible entry. Longby CNxHoney0
USDHUF- SELL strategy 4-hourlyThe pair first went up near 354s and then retraced back 350.30. Now second round, and tried higher again, and RSI is still very high on 4-hourly, and also regression channel shows resistance $ 355s and support $ 348s. I feel we may see a sharper decline short-term and at least we should see $ 349.50 again on the lower side. Strategy SELL @ 353-356 and take profit 350.25 for now. Shortby peterbokma331
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. Nevertheless, he has nothing left to work with. Simultaneously, he (still) is public enemy #1 for the EU - as member states go -, as well as in the eyes of the Biden administration. Now, the only remaining friendly country to Hungary, in Europe, is the Vatican. Orban courageously fought the good fight, all along, but, at least economically: "It's been nice signing with you Koko but ..." - It's over.) p.s. Everything the western media had been spewing about Orban for the past 12 years lacks a single iota of truth. - Bet on it! The guy won 3 democratic elections with 2/3 majority which, even the communist slime-run EU, was forced to admit. I will forgo the long version here and provide in lead words what matters here; - Hungary is a tiny economy (10 million people), one of the smallest EU members; (IBordering with Ukraine and taking in the second largest number of Ukrainian refugees - after Poland - while the Kyiv continues to prosecute it's large, Hungarian minority.) - They built the first wall on their southern border, which the EU never paid for - as they remain obligated to do so but likely never will; - Hungary is 72% agricultural, lacking any and all energy (or other, primary) resources. E.g. It is 100% dependent on Russian energy - regardless how it gets there (indirectly from Russia at a major markup, very likely in the near future.) - Hungary categorically refuses to support the EU madness or to go along with US demands to join the fight for the Ukraine ; (Orban is no friend of Putin but he is also unwilling to crater Hungary's economy on a US/EU whim.) - The Hungarian National Bank recently spent a significant portion of it's reserves to buy gold. The unfolding USD rally will likely temper any related enthusiasm; - The EU is currently (punitively) the portion of EU funds due to Hungary for fiscal 2023; -The Biden administration recently made it a point to go after Hungary (Orban specifically) "to enhance a regime change". (Wasn't that illegal, at least on paper? ...) - Sunday's State of the Union by Orban is a potential call to arms in the West. (One could write a book but) Long story short: The combined Western Alliance is about to lean into Hungary which is most unlikely to result in any economic, monetary or any other, miscellaneous national - or monetary - benefits. Bottom line: There is blood in the water here so, start taking very big bites! - Long! Longby Nemo_ConfidatUpdated 353521
USDHIF-SELL strategy short-termThe pair has been battled a bit, and the RSI for 4-hourly is very high. No doubt on news EU, but never the less, technically we may see a correction. Strategy SELL @ 353.00-355.00 and take profit @ 349.00 for now. Shortby peterbokma0
USDHUF LONGMonthly: - Bullish Indicational candle Weekly: - Inv H&S - S1 = IC Daily: - Impulse & Correction - Bullish M - -27 Fib Completion (Er zijn meerdere FC's) 4H: - Descending Channel - Inv H&SLongby LennardForex3
Long USDHUF I Forex Exiting Bullish Triangle with confirmation Long Position ----------------------------- Entry 348.085 Sl 344.000 T1 355.725 T2 360.724 T3 366.360 GoodluckLongby elhafy0
USDHUF- BEARISH DIVERGENCE Finding the bearish divergence with cup with handle as continuous pattern but divergence found further it will not continue to be bullish it will be having bearish entry Shortby umerishtiaque0
USDHUF breakout after retrace to resistance zone - am I correct?Hey guys, I'm new here, but just wanted to confirm some of my recently learned knowledge. Based on the first kiss (Naked Forex) principle, I went back on the charts and found this pattern on US dollar v Hungarian Forint. I noticed that between the 28th of April and the 18th of May, this pair was consolidating. A very strong support and resistance zone was created with a few touches at the top and bottom of the zone. When it finally broke out, you could see it touched (last kissed) the top of the zone, and then continued the uptrend, like the first fakeout made it seem to be. Don't know how deep the last kiss can be in the zone, but I think this is kinda the right signal for a long. (Which I didn't take, because I retraced it in the past) Do you guys agree? And if not, what could I have missed that could be of importance in my next trades? Thanks! JasperLongby JBod03111
USDHUF - Inverse Head and shoulder formationUSDHUF - Inverse Head and shoulder formation at 1 hour 1 timeframe showing a bullish breakoutLongby m-kashif7860
USDHUF 20/04/2023Monthly: -IC attracting the price. lower. Weekly: -IC acting as resistance. -Sellside liquidity below previous weekly low. -No structure that could stop the price. Daily: -W formation. -IC attracting the price. -Bearish W pattern. 4H: -H&S pattern.Shortby HANSFXTRADER0
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. by trading_jupiter1
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 traderLongby Bonga014
WINshould've bought at the green arrow ( first green candle after double bottom )Longby raymartdomantay3
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.Longby Rendon1223
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 Reward: 15 Take profit 2:352.330 Take profit 3: 337.830 RR: 6.2% Precision of entry: Medium / Low Additional comments: If sellers fail then buyers will take the price to 367.330 and ultimately to 369.733 (price will follow the red scenario/arrow highlighted on chart) Note: setup will be invalid if target 1 is achieved before the setup is triggered Probability of a 4% long straddle from current price >50%by LyzerrUpdated 2
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 lossShortby ForexCompanyUpdated 1
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.Longby jvaledon1
USDHUF - How to play the dollar long ?One vehicle how you can short or long the dollar is the USDHUF. The USDHUF mirrors the DXY moves pretty well. Though watching the FIB retracement we are at no man's land : the Fibonacci 61,8% is still 10 HUF away: we have important levels at 354.738, 352.993, and 351.248. I don't think price will break these levels at the first try. If we can bounce from here price will tag the 50 EMA and 200 EMA at 378-380. Longby chartwatchersUpdated 0
Longing USDHUFHuge long monthly timeframe. Pullback to 61.8 also strong bullish candle on daily timeframe. For education purposes onlyLongby eduardomendes92090
USDHUF Swing Price Analysis Long 1MThis is a price prediction for USDHUF pair on monthly chart. The price retrace to the monthly orderblock then it will push to the upside from cca.320. If it makes a new swing high(break of market structure) the bullish trend can continue, if not(fails to create a new higher high), a swing market shift will happen.Longby BlzsFX559
USD HUF Good morning to everyone and Happy New Year! As you can see we are investigating the USD/HUF. I strongly suggest you finish your short position on USD due to the fact that technically and also fundamentally we HUF went way ahead way too fast under the current circumstances. We are looking for the dollar will get stronger and we will retest the 400 levers in the next 2-3 weeks Thank You - ELGatoTradeLongby ElGatoTradeUpdated 0
My algorithm is giving a short signalMy costumized algorithm is giving a long signal - Details on chartShortby PatrickBuhrRasmussenUpdated 2
USDHUF Buy after re-tap of PWL.OANDA:USDHUF Price has been funneling hard. It did a brilliant move to downside for a false breakout which took out all buy-side liquidity. Watching for price to tap PWL before making a move upside to take out all sell-side liquidity as all buy-side has been exhausted. Longby fxboyzcoUpdated 112