EURHUF - Buy wave soon, buy the dip or the Slow Stoch signal

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Euro Fx/Hungarian Forint (FX:EURHUF)

FX:EURHUF Euro Fx/Hungarian Forint

After breaking below prev. range bottom, EURHUF started a new consolidation phase within the daily Kumo. Since daily Slow Stoch is oversold and will be turning to bullish soon, I recommend to close all shorts and start looking to accumulate small contra longs in 306-307,50. (stops to be placed below 305). I expect a wave up to 310-311 levels next. Maybe it can go to 312 as well, but the Kumo is thick, and as I wrote before in the last post, the Ichimoku setup has changed on the daily, so I do not expect the rally to last for long.

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