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U.S. DOLLAR / HUNGARIAN FORINT REFERENCE RATE

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USDHUX trade ideas

USDHUF triple trade false golden cross?? the sucker is following a downtrend since the pandemic hit it's realy building some manual type wyckof. verry respective of divergence with rsi. 1.a risky trade could be entring now long, untill it meets the main trend. 2.another is waiting for the meeting with the main trend and go short. 3.this trade could be opened with 1 for a long short option if it breaks the short trend(kind of likly).or open it after trade 2 is aproaching the third target. if you knew me..you would do exactly the opposite. trade safe
by warrenbuffettdemicasa
Great triangle⚖️Did you miss triangles, wolves?🔥 There is a symmetrical triangle on USDHUF currency pair. There was a strong bearish sentiment before and now the price is in consolidation. So it may be a signal of continuation trend or the price may reverse its own movement. So follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
3
Ascending Triangle FormationPrice has been trading in this range since early December. Waiting for confirmation of a price breakout above the triangle before entering (lower risk). Potential target: ~306.3 Always remember to set stop loss in case price reverses. In the meantime, some trades can be done within the triangle channel as well. Personally I would enter a small amount once price is close to the slope of the triangle and sell when price hits top of the triangle. Stop loss here would be beneath the triangle, slightly below the last swing low. I would set it at ~292 as at time of writing.
Long
by Chartpatternz
USDHUF - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: USDHUF is sitting around strong support in green so we will be looking for buy setups on lower timeframes. on H4: USDHUF is forming an ascending triangle in red (but it is not valid yet) so we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple) Trigger: Waiting for a momentum candle close above the gray area to buy. (after the swing high is formed as shown in purple) Until the buy is activated, this one would be overall bearish and can still dive inside the green support before going up. And as price approaches our upper blue resistance, we will be looking for sell setups. Good luck!
Long
by TheSignalyst
44