GBPHUF
4 Pairs I'm Long OnFour currency pairs that I'm long on include: USD/MXN, CAD/CHF, USD/JPY, and GBP/HUF. I feel like USD/MXN is due for a reversal where it has positive retracement. CAD/CHF has more support levels to pick up. USD/JPY has long sentiment. GBP/HUF is also due for a positive retracement. The patterns for USD/MXN seem there overall. As always, please proceed at your own risk. Do your own research and due diligence. Everything I say is on an opinion based basis.
GBHUF - Low time frame analysisEvening All.
GBPHUF - Analysing this pair, I see price action has respected the lower trend line well in the past. Coupled this with a bullish divergence favourable volume and a break of the low time frame trend line, I will be longing GBPHUF with a potential target between .5 and .618 retracement. I back this level with historic S/R of PA where price action may come into resistance.
FX_IDC:GBPHUF
GBPHUG exepcting bearish continuation to continue
ENTRY: 387.00
TP: 383.00
TP2: 379.00
TP3: 375.00
SL: 392.00
Chart time frame - 1D
Time for reaching TP - 1-3D
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