HUFUSD trade ideas
USDHUF Analysisi am looking to buy USDHUF, a symmetrical triangle is formed. and the market has been droping im looking for a reversal.
Potential BuySeeing bullish momentum after bouncing off of support. Possible buy but might need to see more confirmation.
USDHUF video top-down AnalysisHello everyone, here is the top-down analysis for USDHUF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
USD/HUF is at an AB=CD reversal level lets see how this goes.This maybe the start of a longer term reversal for this pair.
SHORT Opportunity on USDHUFUSDHUF is approaching the previous S/R Zone. waiting for a break and a Retest of the S/R Zone to jump in for SHORTS.
USDHUF UPDATE and new opportunityHello everyone, here is the top-down analysis for USDHUF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
The US dollar continuously falters against the Hungarian forintThe safe-haven appeal of the US dollar continuously falters against the Hungarian forint. And the recent news of a recently agreed upon stimulus package for the eurozone regions has sealed the fate of the USDHUF trading pair. Prices are widely projected to turn out very bearish as the greenback struggles to gain footing against the Hungarian forint. Bears are hoping to force prices to ranges last seen back in early March. However, looking at the fundamentals, it appears that the buck still has a huge chance to make a solid comeback against the forint. Just recently, it was reported that most experts in the region believe that the Hungarian National Bank will probably unleash another rate cut that would be detrimental to the forint’s strength but useful for the economy’s recovery. Reports say that Hungary might continue to reverse its course following a change in the internal team that oversees the country’s monetary policy.
USDHUF waiting for our trigger to sellon H4: USDHUF is sitting around resistance so we will be looking for objective sell setups on lower timeframes.
on H1: USDHUF formed a descending triangle in red and head and shoulders pattern so we are waiting for a momentum candle close below our lower red trendline which also acts as the head and shoulders neckline to sell this one.
USDHUF testing the structure 🦐The market after the down move has been retracing till the 0.786 fib level nad now testing the daily structure in blue.
If the price will manage to break and close below the structure, at the restest of it we can look for a nice short order according with our strategy with a 1st tp around 304.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Support & Resistance LevelsBefore you trade, or even before you state your bullish or bearish opinion on a currency pair, you should know the major resistance & support levels! Don't forget to look at the monthly or weekly chart...
USDHUF Bullish Runs for Exotics??Earlier last week RiosTrades entered in a Small Short Run for this pair and got out due to potential reversal. This week we look at the market opening ourselves to where price can go (either side, look for reasons as to why price may go the other way). This upcoming week I believe the USD has been doubted for long and will commence in rising, these exotics all share high correlation with each other and in my findings I tend to see a lot of Exotics looking to push to the upside. With proper risk and money management, we can enter this pair and get stopped out and enter short after the next exhaustion if we really wanted to, all about RISK + REWARD. Stay in the Game.
Bullish Flag patternPossible long trade. Keep out for a bullish flag pattern breakout to the upside.
#Bearish #Shark #Harmonic #Pattern 240 chart240 chart.
A bearish shark pattern has completed on the Dollar/Forint.
S.l., T.P.s & Entry all sorted.
1) R/R = 2.23%
2) R/R = 3.56
