HUFUSD trade ideas
USD/HUF 11-19-19USD/HUF Short. BE CAREFUL WHEN TRADING THIS PAIR. HIGH SPREAD, BUT WITH HIGH REWARD. Wait for price to break support, which will give you the sign the pair is going bearish. May get a divergence before the reverse, but just be patient. If we get a divergence, that be a perfect entry for the short as well. Good Luck!
Eur/Jpy-Usd tradeso the correlations are all correct to take a bullish trade EUR long short JPY and short USD the only thing i would watch out for is the dollar breaks higher because 1. the other countries economic situation takes a down turn 2. US stocks drops.... thats the bad side of the trade the good side of the trade is that countries are trying to move away from the dollar.
USDHUFMoving nicely we got the strong buying last week. Where price is now will be looking for 3 setups - Reversal Pattern, Selling, or Just some consolidation.
This one we will have to look at carefully becuase we still have a high as seen on the chart as a target.
If the selling starts we aim for the yellow zone.
Prev charts
Aug 21 s3.tradingview.com
Oct 3 s3.tradingview.com
Oct 14 s3.tradingview.com
Oct 17 s3.tradingview.com
Oct 28 s3.tradingview.com
Nov 7 s3.tradingview.com