dollar hungarian forint h&s reversal patternA WEEKLY close below the neckline would see a possible downward movement to 260 area .
USDHUF trade ideas
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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And always remember: "we don't predict, we react".
Ascending Triangle Near PCZ of Bullish Shark on Daily Timeframe.Look for either a bounce at the 78.6 percent retrace of a break of resistance for entry.
Ascending Triangle FormationPrice has been trading in this range since early December.
Waiting for confirmation of a price breakout above the triangle before entering (lower risk).
Potential target: ~306.3
Always remember to set stop loss in case price reverses.
In the meantime, some trades can be done within the triangle channel as well. Personally I would enter a small amount once price is close to the slope of the triangle and sell when price hits top of the triangle.
Stop loss here would be beneath the triangle, slightly below the last swing low. I would set it at ~292 as at time of writing.
USDHUF - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: USDHUF is sitting around strong support in green so we will be looking for buy setups on lower timeframes.
on H4: USDHUF is forming an ascending triangle in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)
Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple)
Until the buy is activated, this one would be overall bearish and can still dive inside the green support before going up.
And as price approaches our upper blue resistance, we will be looking for sell setups.
Good luck!
USDHUF SIGNAL (SNIPER ENTRY UPDATES)USDHUF - 📌 SIGNAL
buy limit 290.791
SL 289.211 (1570PIPS)
TP1 294.526 (3724PIPS)
TP2 297.683 (6892PIPS)
USDHUF SIGNAL WITH SL AND TP (SNIPER ENTRY)USDHUF SIGNAL
buy limit 291.416
SL 289.869 (1547PIPS)
TP1 294.526 (3130PIPS)
TP2 297.683 (6267PIPS)
