The EURHUF pair has been trading within a Triangle pattern, which based on the highly symmtric structure of the 1D RSI, may break above its top (Higher Highs trend-line) and transition into a more aggressive Rising Wedge (diveging Higher Highs). The last Higher Low was priced below the 1D MA50 (blue trend-line) and since the RSI's Channel Down shows we are on the...
The EURHUF pair gave us a strong sell signal last time we made a call on it (October 13 2023, see chart below) as it made the bearish break-out below the Triangle and breached through Support 2: The price is now approaching the 1D MA200 (orange trend-line), which has been supporting since January 17. The short-term pattern is a Channel Down, a Bearish Leg...
The EURHUF pair is on a peculiar Ascending Triangle pattern, currently supported by the 1D MA50 (blue trend-line) near the Higher Lows. The 1D RSI is on a Higher Lows trend-line of its own and as long as those hold, we are bullish, targeting 394.6500 (Resistance 1). If a 1D candle breaks and closes below the 1D MA50, we will take the small loss and open a sell...
this "little" butterfly bring me some money 🙂👌❤ comments welcome
HUF pulled and over sold waiting for a buy confirmation for the next leg to the 4H highs structure.
Pattern: Channel Up on 1D. Signal: Bearish as the price is approaching the 1W Resistance Zone. Target: 320.00 (1D Support).
Pattern: Channel Down on 1W. Signal: Bearish after a Lower High was made near 323.000. Target: (A) 319.000, (B) 317.350.
Pattern: 1W Channel Down. Signal: Bearish as the price is entering the Lower High zone. Target: TP(1) 317.650, TP(2) 312.000.