Shorty, Shortysorry guys i forgot to post this beast.
Following the trend we have some more downside remaining...
HUFUSD trade ideas
USDHUF best possible setup for long.Mid to long term trade idea. This pair is in a bullish flag. For the USD to cost only 284 is more than a bargain price to load up on dollars against the forint. Also confluence is the retracement to Fib 0.382 of the bull run that started in 2018. I think there is not a better setup to make some good money. Price however may hit 280 so I wouldn’t place stop loss at that area, but I think 280 is the very bottom if we go there.
USDHUF - Silver MedalAs you might know Hungary is at the 2nd place in Covid vaccination in Europe.
As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 .
It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again.
Indicators:
MACD, TSI crossing over , RSI left the oversold territory.
USDHUF rejectionUSDHUF just hit my alarm to Buy. There are many things at play here. It hit the purple zone and also in a 3 month consolidation zone from 2018. I am showing a 1 day chart just to show the rejection zone. the 1 and 4 hour look more playable.
dollar hungarian forint h&s reversal patternA WEEKLY close below the neckline would see a possible downward movement to 260 area .
Unusual Spike in selling volume at Fibonacci SupportWe recently had a massive spike in selling pressure at the bottom of a falling wedge channel and a 0.786 support floor.
We managed to stay above support despite all of the selling which confirms this level as a support for this pair..
I suspect that the majority of the big sellers have already sold at these levels and that buying pressure may be able to pick up from here.
Rejection from strong supportUSDHUF has been rejected from a strong support. As this is an exotic pair, we can expect higher volatility so we we will have a larger stop loss.
We have a long opportunity untill the first supply zone.
R/R 1.91
ORDER TYPE: MARKET
TARGET: 300 📈
STOP LOSS: 296.53 ❌
Trade safe! Follow for more ideas!
COULD WE SEE A REVERSAL??Head and shoulders formed with the neckline broken already. A deep pullback is already in progress and close to the support zone. If price breaks and closes below the zone, this setup is invalidated.
USDHUF triple trade false golden cross?? the sucker is following a downtrend since the pandemic hit
it's realy building some manual type wyckof.
verry respective of divergence with rsi.
1.a risky trade could be entring now long, untill it meets the main trend.
2.another is waiting for the meeting with the main trend and go short.
3.this trade could be opened with 1 for a long short option if it breaks the short trend(kind of likly).or open it after trade 2 is aproaching the third target.
if you knew me..you would do exactly the opposite. trade safe
USDHUF - READY!After not entering at the most aggressive area for our structure based trade, I waited all week for UH to set up with a more defined direction and seems to be we will be speculating for an exhaustion entry following our 3:1 ratio.
USDHUF Double buttom was formed last week and i expect price to move up the qml level but a break above the previous higher high will be required to confirm the trade entry
USDHUFUSDHUF had broken through the resistance line and changed its trend. We have formed a pennant. The first target is near 50% Fibonacci level, the second - 61.8%.
Best regards EXCAVO
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.
Bullish divergence + symmetrical triangle (1D) USDHUFYesterday I wrote about the symmetrical triangle (blue lines) + As you can see, a nice hidden divergence (red lines) formed in the daily chart.
The situation is still very bullish. Around 309.5-310 there is a good buy opportunity.
BEARISH CALL this is my bearish trend idea. how ever wait for clear trend continue moment and wait for trend continue after can entry .this is my opinion not for any signal service .good luck.
USDHUF Long I can definitely see a break above the support levels seen in past.
with no massive volatility at moment and the recovering USD at the moment.
this trade can can bring some great potential profits in the short term and long term
if we see the brake above TP3!
TP1: 298.9400
TP2: 300.8077
TP3: 301.8077
Great triangle⚖️Did you miss triangles, wolves?🔥
There is a symmetrical triangle on USDHUF currency pair.
There was a strong bearish sentiment before and now the price is in consolidation.
So it may be a signal of continuation trend or the price may reverse its own movement.
So follow the chart and look for the breakout carefully.
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Feel free to leave comments✉️
And always remember: "we don't predict, we react".
