EURHUF trade ideas
EURHUF $EURHUF Initial ShortEURHUF $EURHUF Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EUR/HUF - 4H - shortterm bullish Cypher Pattern - longIt seems that on the short term 4H chart, a bullish cypher pattern is emerging.
Buy in if price reach 397,77 HUF
TP: ~407 HUF
SL: 394,80 HUF
Time interval: ~1-3d
EURHUF: 4HR Hidden Bullish Divergence at Critical LevelIf this level were to break i think it would have a clear shot down to 386 but if we can get some performance out of this Hidden Bullish Divergence on the 4 Hour then we would be in the early stages of forming a Double Bottom Pattern that at the very least could take us back up to the neckline.
EURHUF $EURHUF Initial ShortEURHUF $EURHUF Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
How To Trade Pullbacks Using The Fibonacci Retracement ToolHey Purpose Traders. I pray all is well. In this video, I wanted to give you a deep, but quick insight on how you can trade pullbacks using the Fibonacci Retracement Tool.
I'd love to know your thoughts and if you have any questions. Lets chat in the comment section below.
EURHUF Short UpdateDid take the first profit on the short I published on May 26. I moved my stop loss a bit and adjusted the Harmonic pattern to a Daily Chart to have a clearer view. Frankly, I am skeptical of hitting the 357 ish target, But I want to stick to this TA as much as possible. Will partially take profit along the way. the ECB on Thursday is what I'm looking forward to.
EURHUF Harmonic PatternBeen 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.
EurHuf - H4 - Short trend, long correctionBlack: D1 short fork.
Red: H4 short fork.
Next move: Long correction and then a short trend.
Forint is not out of the woods, yetDespite some modest HUF strenghtening EURHUF looks always bullish as hell. Hungary's central bank MNB announced bigger steps in rate hikes, projecting 8% by the end of the year. Plus, elections coming ahead and none of the results favouring HUF in the short term. Viktor Orban's 4th consecutive win would give HUF a great pressure, assuming the continuation of the forint weakening. A change in the governing political party would lead the country to a really uncharted territory with unknown political actors and measures.
EURHUF: Monthly Bearish Divergence 3 Line Strike Double Top This seems like it's set up to give us a Deep Retrace in the Coming Months; For 3 months It tried to make a Higher High and it succeeded only to be Bearishly Rejected by one big Bearish Monthly Candle afterwards.
Upon making this higher high you showed huge amounts of Bearish Divergence on the RSI and you printed a Bullish 3 Line Strike Pattern. Due to this i can only assume we will see much lower prices from here.
EUR/HUF Daily ShortLooking to Short this trade
Enter at 61.8 fib if you will have two positions enter at 78.6
SL at 23.6 Fib
TP on 161.8
EUR/HUF - short and possitive swapHello to everybody!
Crypto is boring last days, so here is some nice setup on EUR/HUF.
Today we have nice rejection, so it's good time to take short.
If you keep this position you will get possitive swap points every day!!
Better then saving account in the bank:)
Bullish!EURHUF is creating HH's and HL's so opening a long position here with a stoploss below the trend line.
EURHUF bearish scenario:In this pair, technical analysis shows a technical figure Flag. The Flag broke through the support line on 01/12/2021. EURHUF is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 6 days with a target of 361.08. According to the experts, your stop loss should be around 371.98 if you enter this position.
Data-wise, the EU published the Consumer Price Index, which surged to a record high of 4.9% YoY in November, according to preliminary estimates. The core reading printed at 2.6%, much higher than the previous 2%, piling pressure on the European Central Bank to start trimming facilities.
On Wednesday, Germany will publish October Retail Sales, expected to have dropped by 2% YoY. Markit will publish the final readings of its Manufacturing PMIs for the EU.
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EURHUF possible short positionBased on the monthly, weekly, daily trend analysis + Fibonacci I think EURHUF pair will drop to 356.8.
EURHUF - Long term (days and week)EURHUF - Long term (days and weekly)
bottom - right side upper
(short term : short RSI)
EURHUF Bearish Divergence Bearish histogram divergence is evident on MACD histogram for EURHUF pair also a rising wedge and stochastic at overbought region confirm it.
EURHUF Right Shoulder Short Entry At 200 Moving AverageWe have a bearish MACD crossing with bearish divergence on both the RSI and MACD at the area of a potential right shoulder to a head and shoulders pattern and the 200 moving average.
