USDHUF - Inverse Head and shoulder formationUSDHUF - Inverse Head and shoulder formation at 1 hour 1 timeframe showing a bullish breakout
USDHUF trade ideas
usd/huf ⇌ longtechnical
monthly ⇌ support test ⇌ bullish
weekly ⇌ support test ⇌ bullish
daily ⇌ ici pattern ⇌ bullish
fundamental
cot data shows that the major speculators are bullish on usd so the move to the upside can be expected
USDHUF 20/04/2023Monthly:
-IC attracting the price. lower.
Weekly:
-IC acting as resistance.
-Sellside liquidity below previous weekly low.
-No structure that could stop the price.
Daily:
-W formation.
-IC attracting the price.
-Bearish W pattern.
4H:
-H&S pattern.
USD-HUF Double-Top AnalysisUSD-HUF Double-Top Analysis:
Bullish Trend will be converted into Bearish and the Divergence was seen.
Sell Stop level is at 369.900, Stop loss at 380.400,
TP-1 will be at 360, and the TP-2 at 350.
WAVE 5 IS ABOUT TO START(BULLISH)I'm expecting a bullish trend from that support zone now and according to Elliot Wave Market needs to complete wave 5 before a bearish swing which will be wave 2 with A,B & C then continue going up.
NB :Risk management is the e Key to become a Successful trader
USDHUF exotic planI´m expecting weakening of this pair due to economic situation in Hungary and 25% of inflation. Enter just if any 1D candle closes above entry line. Cutloss if any daily closes below SL zone. Wish you good luck.
USDHUF (short scalp)Probability: ~41%
Aggressive entry info:
Entry: 358.551 // OANDA Feed
Stop loss 358.786 /// OANDA Feed
Take profit 1: 353.319 Risk to Reward: 23
Take profit 2:352.330
Conservative /ideal entry info:
Entry: 360.396// OANDA Feed
Stop loss 360.988/ OANDA Feed
Take profit 1: 353.319 Risk to Reward: 15
Take profit 2:352.330
Take profit 3: 337.830 RR: 6.2%
Precision of entry: Medium / Low
Additional comments: If sellers fail then buyers will take the price to 367.330 and ultimately to 369.733 (price will follow the red scenario/arrow highlighted on chart)
Note: setup will be invalid if target 1 is achieved before the setup is triggered
Probability of a 4% long straddle from current price >50%
USDHUF Carry Trade BIG POSITIVE SWAPThanks to the large positive swap, we would be in profit even if the price goes in the opposite direction, that's why this high stop loss
USDHUF LONG TRADEI am going long after a bullish pin bar formed on the daily chart at a broken resistance level which hopefully now is acting as support. Also the bullish pin bar formed at the 61.8 and 50 Fib levels so I am going to go long and target the next level.
USDHUF - How to play the dollar long ?One vehicle how you can short or long the dollar is the USDHUF.
The USDHUF mirrors the DXY moves pretty well.
Though watching the FIB retracement we are at no man's land : the Fibonacci 61,8% is still 10 HUF away:
we have important levels at 354.738, 352.993, and 351.248.
I don't think price will break these levels at the first try. If we can bounce from here price will tag the 50 EMA and 200 EMA at 378-380.
Longing USDHUFHuge long monthly timeframe. Pullback to 61.8 also strong bullish candle on daily timeframe. For education purposes only
USDHUF Swing Price Analysis Long 1MThis is a price prediction for USDHUF pair on monthly chart. The price retrace to the monthly orderblock then it will push to the upside from cca.320. If it makes a new swing high(break of market structure) the bullish trend can continue, if not(fails to create a new higher high), a swing market shift will happen.
USD HUF Good morning to everyone and Happy New Year!
As you can see we are investigating the USD/HUF.
I strongly suggest you finish your short position on USD due to the fact that technically and also fundamentally we HUF went way ahead way too fast under the current circumstances.
We are looking for the dollar will get stronger and we will retest the 400 levers in the next 2-3 weeks
Thank You - ELGatoTrade
My algorithm is giving a short signalMy costumized algorithm is giving a long signal - Details on chart
USDHUF Buy after re-tap of PWL.OANDA:USDHUF
Price has been funneling hard. It did a brilliant move to downside for a false breakout which took out all buy-side liquidity. Watching for price to tap PWL before making a move upside to take out all sell-side liquidity as all buy-side has been exhausted.
shortExchange
FOREX
Symbol
USDHUF
Interval
240 Min
Pattern
Channel Down
Length
128 Candles
Direction
Identified Time
12-12 22:00
Trend Change
Continuation
Quality
Initial Trend
Volume
Uniformity
Clarity
Breakout
N/A
Forecast Price
N/A
UDSHUF SHORT 3/8 TRAP SET UPlooks like we will move to the downside .
if that happens we are looking to execute a short trade for profit.
USDHUF // correction may endAfter yesterday's FED contribution, price has finished a 1-2-3 wave right into the previous south breakout on the daily, meaning the correction may end here, and price can first make a correction of the correction, then long trend may resume and in this case, further target zones become valid.
Trade safe! ⚪️⚫️
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
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USDHUFi expect price to retrace back to the QM Level after breaking the structure of the leading daigonal and retrace a bit for wave B and now wave C is in place for the further continaution to the downside
USDHUFprice is expected to move to the upside after the leading diagonal formed wgich stand for wave A and correction is in place to the QM level which stand for wave B then after wav B is complete , we will move down for wave C
Possible short soon...-Head and shoulder pattern created
-Price is retesting the neckline
-Price is below 4h 200 EMA
- 1D RSI is below 50
If price will break out from ascending channel there is good chance for short position
TP target: Fibo 0.5 , 1D 200 EMA - 379-385 HUF
Fundamental support could be the agreement with EU and the Hungarian Government...
