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!
USDHUF SHORT IDEAContinuing to Short USDHUF, I believe through historical data that price will continue its ways to the downside.
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.
USDHUF UpdatePrice didn't reverse in the red zone so we kept holding on to the buy entry.
Still looking for reversal close to the new yellow line possible double top OR around the high zone if we see price breaks it
Will keep an eye on its movement
Nov10 - s3.tradingview.com
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
USDHUF TargetTarget hit on this trade. Will be looking for some buying from here
Prev trade setup - s3.tradingview.com / s3.tradingview.com /
USDHUF LongGood Luck Traders
Edit: The entry on the chart is accurate as I entered this yesterday...looks good so far.
Bearish highs for Usd hufUsd Huf 4-hourly, - Price has a potential to reverse to 300.419, - but, setup is secured by the price high 302.856. It's not volatile has many zones, and where price currently is it needs attention.
A bear market - bearish interests.
.
USDHUF UpdatePlay out nicely - Pev Analysis s3.tradingview.com
Should see some pullback and expecting more selling lower
USDHUF Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as the price broke below the 1D MA50.
Target: 307.000 (just under the 1D Resistance).
USDHUFLets see if we get some selling to the low on this pair - Exotic pair
Prev setups
s3.tradingview.com
s3.tradingview.com
(4h, $USDHUF){4H, $USDHUF}
The general price movement is in an ascending-channel after price confirm the Support/Resistance of the channel
{Previous Price Action}
The price was Bouncing & pulling back inside the channel while it keep making HH/HL to confirm it's direction to upside, there's no Fake-outs has made before & this shows long-term price stability
{Current State}
After last pullback from Resistance-level of the mini-ascending-channel, price made first breakout under the Support-level of the channel, last movements showing that price start making Hh/HL in order to get back into the channel & it's normal state
{The Plan}
Wait for the price to get into the channel again so we can go Long & trade following the general trend direction after getting all confirmations of Rectangle-breakout.
{Alerts}
Set Alert at (304.245) level to catch next LONG movements after breakout & getting all Confirmations
{Valid Pattern}
Rectangle-pattern
{HQ Chart}
i.ibb.co
(Original post: stocktwits.com )
