EURHUF to the upside
---------------EURHUF LONG---------------
Regarding to this "exotic" currency pair I can tell I am already in a long position with 3 trades at average price 392.17. In the long run I expect more HUF weakness but first we can go lower to 385-383 area where I plan to add 2 more trades and I am finished with the whole position building and I will be waiting for higher price around 405-407 where I will very likely close the 80-90% of the trade. Rest I will leave to give it a chance if course wants to go even higher. But above 410 or rather 415 I will consider to start building a short position. As of now I am bullish on this pair. Of course I can be wrong and there is a possibility to go down 370ish levels.
This is not a financial advice, do your own research and analysis!
Regarding to this "exotic" currency pair I can tell I am already in a long position with 3 trades at average price 392.17. In the long run I expect more HUF weakness but first we can go lower to 385-383 area where I plan to add 2 more trades and I am finished with the whole position building and I will be waiting for higher price around 405-407 where I will very likely close the 80-90% of the trade. Rest I will leave to give it a chance if course wants to go even higher. But above 410 or rather 415 I will consider to start building a short position. As of now I am bullish on this pair. Of course I can be wrong and there is a possibility to go down 370ish levels.
This is not a financial advice, do your own research and analysis!
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