USDHUF
USDHUF: Sideways within the 1W Rectangle.The previous TP = 283.20 on USDHUF was hit and the pair has been trading sideways since within a 273.754 - 285.075 1W Rectangle (ADX = 17.489, Williams = -49.968, Highs/Lows = 0.0000). The most optimal approach is to long near the 273.754 Support (TP = 283.268) and short near the 285.075 Resistance (TP = 275.110).
USDHUF Long ....USDHUF Long ... There are three types of wave structure in the exchange rate. The final wave structure target price is 293.68 HUF. Then I expect a smaller ABC correction, up to the rising ATR axes (purple line). Then if events in Turkey continue to muddle the mood of investors, then a bigger jump from this axis can begin.
USDHUF Buy IdeaUSDHUF Buy Idea @Daily Demand Zone (248.445 - 246.552)
Buy Limit: 248.521
Stop Loss: 246.022
Take Profit: 253.417
USDHUF Buy IdeaUSDHUF Buy Idea @Weekly Demand Zone (253.474 - 250.029)
Buy Limit: 253.402
Stop Loss: 249.648
Take Profit: 260.852
USDHUF - Short Opportunity 1DUSD broke falling wedge on daily against HUF. It has completed 5 waves of the recent mid-term bullrun and is starting an ABC correcion potentially. RSI is showing bearish divergence on daily.
There is a short term 0.786 support of the overall Elliot 1-5 cycle at around 276.6 level - I am expecting this to break given the bearish confluences (falling wedge pattern and RSI divergence) and the target I am looking for as the A leg correction is the 0.618 level - just above 270.1. This is the upper level of a support zone between 267.3 - 270.1 (267.3 is the 0.382 of the previous mid-term bearish swing and 0.786 fib of the mega long-term bullish swing starting from 142 in 2008).
These are my personal views. Please trade carefully and with capital you can afford to lose! Comments are very welcomed!
Channel Up on 1D. Long.USDHUF is consolidating (4H RSI = 54.112, ADX = 17.781) on the Higher Low line of the 1D Channel Up (RSI = 63.148, Highs/Lows = 0.2450). We are going long, TP = 283.200.
USDHUF started corrective action...USDHUF started corrective action. Two fractal movements can be identified in the exchange rate. In the second fractal I have a growth of 1.68 ATR. From this, the second fractal target is 264.93 HUF. From this level, the rise can continue.
USDHUF: Buy after pivot breakoutWe are buying a pivot breakout at the 60 minutes that is a continuation of a major uptrend at H4.
The stop loss is at the last bottom of the pivot an the target at a 100% fibo expansion.
USDHUF buy ideaUSDHUF buy idea @ Demand Zone 250.910 - 242.360
Buy Limit: 251.017
Stop Loss: 241.291
Take Profit: 263.522
USDHUF: bearishSell USDHUF. Touching resistance as well as SMA50. In addition, doji formed yesterday.
USDHUF shortthe mkt break below the support and retested, but last week's candle is not quite bearish
Buy USDHUFA nice breakout in USDHUF. A sort of inverted head & shoulder structure has appeared. The day is not over yet, but I guess the close will stay above the breakout line.
USDHUF - D - LONG - TDIThanks to @chartwatchers I discovered this pair and found out that it was a pretty interesting setup for my strategy.
IMO, Arpi is one of the best trader around here and even he teached me lots of knowledge through his ideas.
So, this pair is breaking up to the upside on 4H. So we should have a nice follow up on 4H, then when daily meet the upper band we will get a pullback and the real trade will start after that.
A very long trade, but could be a very good one, with low SL.
Approaching correction trendline looking to buy at low of the correction but be careful as more down is possible. if no buy setup i will wait for breakout and flag before buying
USD/HUF, H1 LongNext one USD pair with potential to form another one wave up. I will wait around FIBO 61.8 retracement to open Long position with R/R 2:1.
Above 300? Weakening Forint! Before new highs there will be some smal set back, but I would not like to see below 284.50.
I'm in long from 276, after a breaking. I hold the stop at 271, but now it is at 284, and hope closing it above 300.
