EURHUF Harmonic Pattern
Updated
Been watching the EURHUF for several months now. as the political/economic situation in the eastern part of Europe gets more and more complicated, could picture this Bullish Harmonic pattern forming against the Hungarian Forint. I know shorting the incomplete harmonic is not recommended, but I believe with a managed risk, you can trade any Idea.
Of course, in case of this Harmonic Pattern is completed, I'll be looking for a good long setup toward the 420HUF.
Of course, in case of this Harmonic Pattern is completed, I'll be looking for a good long setup toward the 420HUF.
Note
I had a Take profit 1 on this Trade; will post an Update soon. the ECB plan on 9th Jun is so important.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.