EXOTICS ARE SCARED TOO :) PENGUINS LOOK AT EURHUF 7/12/2019
Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
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EURHUF trade ideas
EURHUF before falling... Target price 322.11 In the analysis, I applied two rules at the same time. The fractal rules tell me that the second correction of the exchange rate is half the size of the previous fractal. In the present case, this may mean that the fractal size of the resulting response is doubled. This can be confirmed by the second rule. Currently, exchange rates move symmetrically over the two MA axes. Therefore, it is expected that the exchange rate for the MA (200) axis will move at the same distance as it did for the MA (50) axis. This is illustrated by the yellow square.
EURHUF: Strong long opportunity on the 1W Channel Up.The pair has been trading on a very strong and steady 1W Channel Up since April and has just hit the Higher Low supporting trend line (RSI = 53.917, MACD = 2.461, ADX = 44.042, Highs/Lows = 0.0000). This makes it an automatic buy opportunity for us, especially since the RSI on the 1D time frame nearly hit 30.000 and rebounded. Our Target Zone is 338.000 - 340.000.
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Maybe time for a reversal on the Euro/Hungarian Forint?The Hungarian forint recently created new lows against the euro.
Seeing as the move is overextended I will be waiting for a major breakout, retest and then continuation to the downside respectively to decide the trading position for me.
Daily is still bullish so I will prefer a very bearish daily candle before I decide to slide down with price action.
EURHUF Short BiasHello everyone!
This is eurhuf update. Recently when we suppose to post this idea. the price was nearly that daily cp of supply but that is now declined and rejected.
Eurhuf just over bought and confirming the h4 supply level nested in the daily and weekly supply area. So in shortly we may see a good drop.
Happy Trading
EURHUF before 2.21% decrease... I do not change the basic findings of my previous analysis. I only modify the path of movement. The EURHUF exchange rate builds on a second fractal. Wave theory can be used to end a correction wave of a double wave structure. If the analysis is correct, the exchange rate may start to fall from near current levels. Target price 317,6 HUF
EURHUF before 2.5% decrease... In the movement of the exchange rate, a picture of an evolving fractal wave can be seen. The percentage of movements identified so far is 1: 1 fractal. If this theory continues, the exchange rate may weaken from the current level to 2.5%. In other words, the Hungarian forint can start to gain 2.5%. The target price of the Hungarian Forint is 314.64 HUF
EURHUF to breakout or one more down?Hello, Traders. EURHUF seems to be interesting as it is at a point whereby we might see one more down or a breakout. Look for any impulsive move, and get in after the price has formed a correction.
Happy trading, guys.
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