GBP/HUF - Rising Wedge and Double Top PatternGBP/HUF in currently trading in a rising wedge and has also formed a double top pattern. Expecting price to lose support and start the bearish trend.
GBPHUF trade ideas
GBPHUF Carry Trade BIG POSITIVE SWAP Thanks 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
easiest short of my lifeif this divergence dose not play out, there is no hope and all technical analysis is useless and i will jump off a bridge.
GBHUF - Low time frame analysisEvening All.
GBPHUF - Analysing this pair, I see price action has respected the lower trend line well in the past. Coupled this with a bullish divergence favourable volume and a break of the low time frame trend line, I will be longing GBPHUF with a potential target between .5 and .618 retracement. I back this level with historic S/R of PA where price action may come into resistance.
FX_IDC:GBPHUF
GBPHUG exepcting bearish continuation to continue
ENTRY: 387.00
TP: 383.00
TP2: 379.00
TP3: 375.00
SL: 392.00
Chart time frame - 1D
Time for reaching TP - 1-3D
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GBPHUF sell opportunity That's my trading plan. We can see how's forint doing or the Brexit.
Good luck to trade with your own plan :)
GBPHUF D1 CYPHER PATTERN SHORTThe pair has completed a cypher pattern on the daily time frame and price action indicates a reversal to short.
GBPHUF 4 JUL 2019Chart pattern : Falling Wedge in timeframe H4
Price cannot break the upper line and may drop down to the support level 352.75
Target point near the support level 352.75
Stop loss should higer than the resistance level 363.50
NDIH gbphuf H4 SELL SL 355.60 TP 343.55For more setups Please follow my page on facebook 0.69% (FX Exclusives PIPS Generator)
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GBPHUF W1 wave structure.GBPHUF wave structure. In our opinion, the exchange rate is a double bottom. It is assumed that from this bottom one quarter of a quarter rose. This rise rises close to 356 HUF per week. Since this stage is quite volatile, we will be waiting for correction again from level 356. Then again, a quarter-wave reinforcement, then a slight correction and a new reinforcement is expected. This increase may take up to 396 HUF. As this is a one-week-long analysis, we expect this level to be reached in the second half of 2018.
