USDHUF trade ideas
TD style.Entry stay valid till the end of today then i will reassess based on the ATR.
TP might be reajusted according to futur price formation.
USDHUFInverted Head & Shoulders pattern.
signalling start of reversal for this pair.
Driving force for this trade will be the fundamentals and relying heavily on the dxy to make some sort of bounce back.
Currently waiting on the neckline breaking.
TP1 305
TP2 315
Swing trade TP 340
Correction wave structure.Correction wave structure. On the USDHUF pair, I would like to show how the structure of the correction wave develops. If we look at the figure, it can be seen that the size of the descending wave structure indicated by the red line is the same. At the end of each descending wave structure, there is a correction wave marked "A". We also see that the correction wave "A" doubles at the end of each descending wave structure. A very good example of how a descending wave structure is transformed into an ascending wave structure. But let’s move on to the USDHUF movement. You can see that a turn is visible at the current level. The resulting ascending wave structure may double (8A) at the preceding (4A) ascending wave structure. It could also mean that the USDHUF could embark on a lasting uptrend. Target price: 340 HUF
USD HUF BUY (US DOLLAR - HUNGARIAN FORINT)Hi there. Price is forming a reversal pattern to change its direction.
Wait for the price to complete the pattern and watch strong price action for buy.
USD/HUF Lower Lows?New lows on the Hungarian Forint will cause the price to drop further or retest and continue the downtrend. Once newer lows are reached, the price may retest and create a buy opportunity.
USD / HUF Short term short - mid term - flatUSD / HUF broke out of the upward support level opening the path till 276 HUF / USD support level. I expect the support to hold the price and putting back the price to the middle of the regression channel
USD/HUFUSDHUF has formed a falling wedge pattern with a strong support line. In the short term - I expect a sideways movement, in the medium term - a breakdown of the wedge upwards.
Best regards EXCAVO
UADHUFRead and watch well and carefully.
If the trend chart maintains an upward trend from the yellow line
Pass the number 297.122
You can make a long deal
USDHUF video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for USDHUF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
📢USD/HUF Short 👌This pair along with most other exotic pairs have broken areas of support. I'll be waiting on a retrace to jump in when the opportunity arrives 😎
