USD/HUF Long-Term Trend: Bullish
Key Resistance Levels: 313.758, 316.138, 317.000.
Key Support Levels: 310.807, 306.093, 304.280.
The price on the higher time frame succeeded to break the 318.807 HUF mark and retrace to it with long wicks to the downside. This shows obviously that the buyers are still in control of the market and we expect further movement to the upside toward the key resistance level.
USD/HUF Medium-Term Trend: Bullish
On the lower time frame, the pair showed higher lows movement where long wicks as well has been left on the 4-hour time frame. We expect a lower correction to the 310.807 HUF mark before a new impulsive wave toward the target profits.
Buy Limit Order @ 310.872
TP 1 @ 313.652
TP 2 @ 316.138
Stop Loss @ 309.723
Trade Safely 🙂