USDHUF trade ideas
Elliott wave analysis - Swing trade Hello everyone,
This is my prediction for the pair USDHUF, based on Elliot waves and Fibonacci Retracement.
Remember that price action and account management is your choice.
Good Luck.
USDHUF update #4 - On the road to 350The hungarian forint is one of the best influenced currency by the ukrainian conflict. I'm not suprised by this price action, brace yourself for more long entry. Bullish, than bearish.
USDHUF update #3 - On the road to 350.00Bearish, than bullish. On the way to make the base of an impulse wave.
USDHUF 16/02/2022Monthly:
Bullish M, rejecting previous structure
Bearish wick got filled
Weekly:
Big bullish M
False break, we formed a double bottom with the adjusted zone
Daily:
Retest level
Daily bullish candle with wick could get filled
4H:
inv h&s
USDHUF update #2 - On the road to 350.00nice and strong breakout, now wait for the correction, then bullish
USDHUF shortI want to short the USDHUF after a break of this trendline with H4 close. The close price is the most important point of this trade, so pls don't just put a order on the price I have in the Idea. We also see the relativ strength of the uptrend decreasing.
Best regards
-8z4U
On the road to 350. USDHUF update #1close to complete the minor wave, nice fractal movement, TP 320.00
USDHUF SWING SETUP📊 USDHUF Buying SETUP
USDHUF is following the trend line and this is 3rd rejection from the trend line, and also RSI is looking bullish and i drawn the fibonacci Retracement so on fibonacci the market is rejected from golden Zone 0.414 Lavel.
⚠️ This is not a financial advice this is just my Analysis.
USDHUF: bearish, then bullishWe need more confirmation, but the strong USD fundamentals are suggests upward movement
Difficult times for the HUFBUY USD/HUF: classique rally with massive USD LONG fundamentals and very confused hungarian politics before the spring elections. TP 350
Shorting forint is always a profitable ideaOne of the strongest currencies like forint goes wild against the poor USD
USDHUF!Looks like a big bearish corrective pattern.
This could be a sign of impulsive selling to come.
Trade with care use a stop loss.
Woodies CCI BreakoutThe main signal here is the Turbo CCI breakout of a major horizontal resistance. This is a strong confirmation of the continuity of the short and torm trends, which seems to coincide with the crossing of %R and RSI, signaling a breakthrough. The range of growth is visible through the linear regression in the price chart. If 345 is broken this year, we will probably see the ceiling of the linear regression provided shattered in the near future.
USDHUF Exponential Moving Average and Trend Line Foreign Currency
Trend: Up
Level: Diagonal Level, EMA 10 Level, EMA 20 Level
USDHUF Ascending Triangle Chart PatternUSDHUF Foreign Currency Pair
Trend: Up
Level: EMA 10, EMA 20, Diagonal, Horizontal
Signal: Break Out Candle
USDHUF - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
USDHUF is sitting around a daily resistance in blue so we will be looking for sell setups.
on H4: USDHUF formed a head and shoulders pattern but it is not ready to go yet. Before we sell, we want the bears to prove control again.
Trigger => Waiting for a momentum candle close below the gray neckline to sell.
Until the sell is activated, USDHUF would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDHUF POSSIBLE LONGPair has been in an established uptrend and has broken through another resistance level cleanly...all I'm waiting for this setup is to see bullish confirmation at zone to get into a long position
USDHUF BUY TRADE IDEAHello everyone, if you like the idea, do not forget to support with a like and follow.
Trade Signal:
BUY (Swing)
> Entry: 302.516
> Take Profit: 318.872
> Stop Loss: 299.516
Analysis:
Based on the higher timeframe (HTFs), on the Monthly it has created a W formation, where we can expect a retracement back to the neckline, where we check on the 4H our entry, exit, and take profit. I have also created a trendline where we see that it broke the trendline and currently waiting for a retest of the trendline once it moves down and also test the 50% of the fibonacci retracement we will then again check the price action and adjust our trade.
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Shorty, Shortysorry guys i forgot to post this beast.
Following the trend we have some more downside remaining...
