After 10 days sideaway move, it is time to decide on HUF.
My bet is EURHUF will pop from here again, tgt 315-316.
Daily: Ichimoku setup is absolutely bullish, the question is only where to enter long. So far it looks like 10 days of consolidation was enough only for a Kijun Sen retest. Slow Stoch gives a buy signal. What is also important that with next spike Chikou Span will break above Kumo too, giving further confirmation for the bullish trend.
4 Hrs: Sideaway so far. Just because price came below Kumo, it has not become a valid Kumo breakout, as Price could not even penetrate the short term Key Support. ADX is also super low, means instrument is not trending. DMI corssed bullish, with a price break above Kumo again, and with ADX picking up, it will turn bullish on 4 Hrs time frame too.
Idea: Buy EURHUF. Pls check previous posts as well on the link below.
p.s.: Anyway, why would you hold HUF? All fundamentals are against HUF now.
My bet is EURHUF will pop from here again, tgt 315-316.
Daily: Ichimoku setup is absolutely bullish, the question is only where to enter long. So far it looks like 10 days of consolidation was enough only for a Kijun Sen retest. Slow Stoch gives a buy signal. What is also important that with next spike Chikou Span will break above Kumo too, giving further confirmation for the bullish trend.
4 Hrs: Sideaway so far. Just because price came below Kumo, it has not become a valid Kumo breakout, as Price could not even penetrate the short term Key Support. ADX is also super low, means instrument is not trending. DMI corssed bullish, with a price break above Kumo again, and with ADX picking up, it will turn bullish on 4 Hrs time frame too.
Idea: Buy EURHUF. Pls check previous posts as well on the link below.
p.s.: Anyway, why would you hold HUF? All fundamentals are against HUF now.
