CHFHUF for a lower low 🦐After the test of the 0.618 Fibonacci level at the 330 area, CHFHUF has turned into a bearish scenario.
The price is now testing a weekly trendline above a support and according to Plancton's strategy if the market will break below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
HUF
USDHUF Potential ReversalPA has gotten to a major level of structure where price has reversed multiple times with significant pushes to either side of the market, I'm willing to let price action set itself of for a Long opportunity for this upcoming week and next, possible 2 week hold if price decides to respect the swap lv. and Bulls enter this pair with the same kind of force.
CHFHUF a long opportunity 🦐CHFHUF on the 4h chart after the bounce on the weekly support created a strong bullish impulse.
According to Plancton's strategy if the market will break above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CHFHUF on a bearish outlook 🦐CHFHUF on the 4h chart is moving on a wide range between 2 major structures.
The price after breaking below the ascending trendline is now testing and bounces over a weekly support.
According to Plancton's strategy when the price will break below, we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
CHFHUF a long opportunity 🦐CHFHUF after the triple top over the 334.500 level broke below until the daily support at 328.300.
The market created a double bottom and after a first impulse is now creating a 2ns one.
At the retest of the structure, we can set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURHUF short move 🦐The market after moving up couldnt make new highs and recently broke the minor channel after a double top.
Price is now breaking the 4h structure and at the retest of it we can look for a nice short order according with our strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDHUF testing the structure 🦐The market after the down move has been retracing till the 0.786 fib level nad now testing the daily structure in blue.
If the price will manage to break and close below the structure, at the restest of it we can look for a nice short order according with our strategy with a 1st tp around 304.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EUR/HUF Monthly Forecast (July)First wave of the Elliot has reached an end on a key level, correction is expected. Fibonacci 0.382 level is overlap with an another key level.
I expect the third wave (the end of the correction) there. The Fibonacci extension 61.8's line overlap with an another strong level.Likely we can estimate the third wave's strength.
The Central Bank reduced the interest rate, and planning to cut another more 0.15% in July.This means,the fundamental backround is given, the HUF (Hungarian Forint) will weaken in the next few weeks/months.
AUD/HUF: BEARISH DIVERGENCEHello traders!
A bearish divergence just showed up and it seems promising! In fact, if you look at the MACD you may see clearly that the bullish momentum is getting weaker and the RSI is almost overbought! These two facts make me think that a bearish reversal will take place (if not now, in a while).
The target is our dotted line and remember to put a stop loss in order to secure your capital!
Not a financial advice.
USDHUF Bullish Runs for Exotics??Earlier last week RiosTrades entered in a Small Short Run for this pair and got out due to potential reversal. This week we look at the market opening ourselves to where price can go (either side, look for reasons as to why price may go the other way). This upcoming week I believe the USD has been doubted for long and will commence in rising, these exotics all share high correlation with each other and in my findings I tend to see a lot of Exotics looking to push to the upside. With proper risk and money management, we can enter this pair and get stopped out and enter short after the next exhaustion if we really wanted to, all about RISK + REWARD. Stay in the Game.
EURHUF at the resets of the channel 🦐The market as we expected went to retest the dynamic trend line of the channel on the 4h timeframe.
On the fundamental side we have a strong euro but the price seem to push further down to get back inside the channel.
At the moment the market is ranging between the 2 resistance zone therefore there are 2 possible scenarios:
- If the market will break above the upper structure we can look for a long position with a TP around the 350 level
- If the market will break below the blue structure we can set a short order with a TP around the lower trend line of the channel.
–––––
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDHUF technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 USDHUF technicaly based idea, we can see price is bounce from bottom trend line, candels formation is good bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!