USDHUF - Downtrend and preparing for the next leg
USDHUF is showing signs of negative divergence and is getting ready for its next big move.
The path of least resistance is on the downside.
Open a small SHORT position on USDHUF and save your capital to increase your position if the price moves higher.
This trade setup has an excellent RISK/REWARD ratio.
The path of least resistance is on the downside.
Open a small SHORT position on USDHUF and save your capital to increase your position if the price moves higher.
This trade setup has an excellent RISK/REWARD ratio.
Note
Minor correction from the chart:TARGET 1: 267
TARGET 2: 247
TARGET 3: 237
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