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U.S. Dollar / Hungarian Forint

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USDHUF 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