Trade idea - USDHUF Long

16. Aug.

4H

Corrective approach towards entry zone .

-68 Fibonacci completion aligning with entry zone.

Ascending trend line holding up the price.

= Buy limit.

DXY makes sense for a Long as well.

1% risk.

16. Aug.

Anmerkung

MONTHLY

Bullish M pattern potentially in play.

Clear support & resistance zone is there.

16. Aug.

Anmerkung

WEEKLY

Inverse Head & Shoulders pattern potentially in play.

Clear support & resistance zone is there.

16. Aug.

Anmerkung

DAILY

Bullish impulse: indication.
Still trending down making LLs / LHs.

Inverse Head & Shoulders pattern: confirmation.

Clear support & resistance zone is there.

16. Aug.

Anmerkung

Changed risk exposure to 0.5% as it is Friday afternoon.

16. Aug.

Trade ist aktiv

Active

16. Aug.

Trade geschlossen: Stop wurde erreicht

-0.5%.