USD/HUF Long-Term Trend: Bullish
Key Resistance Levels: 312.420, 314.457, 315.000.
Key Support Levels: 310.843, 309.145, 309.000.
The price on the higher time frame found support around the 309.193 where a relevant price action has been posted along with a 50% Fibonacci retracement level. This shows the end of the retracement, and we expect the market to start to move upward in the coming hours.
USD/HUF Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bearish channel to the upside where a double bottom has been level. now the market is traded above the 310.772 HUF level where we expect a slight correction before a new impulsive wave toward the target profits.
Buy Limit Order @ 310.896
TP 1 @ 312.293
TP 2 @ 314.457
Stop Loss @ 310.197
Trade Safely 🙂