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U.S. Dollar / Hungarian Forint
Long

Trade idea - USDHUF Long

By Pipjager
Updated
4H

Corrective approach towards entry zone .

-68 Fibonacci completion aligning with entry zone.

Ascending trend line holding up the price.

= Buy limit.

DXY makes sense for a Long as well.

1% risk.

Note
MONTHLY

Bullish M pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
WEEKLY

Inverse Head & Shoulders pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bullish impulse: indication.
Still trending down making LLs / LHs.

Inverse Head & Shoulders pattern: confirmation.

Clear support & resistance zone is there.

snapshot
Note
Changed risk exposure to 0.5% as it is Friday afternoon.
Trade active
Active
Trade closed: stop reached
-0.5%.
Chart PatternsDXYdxylongForexforextradingfxtradingpatternspriceactionanalysissupportandresistancezonesTrend Analysisusdhuflong
Pipjager

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