BRITISH POUND / HUNGARIAN FORINTViés de alta
GBHUF - Low time frame analysis
Evening All.
GBPHUF - Analysing this pair, I see price action has respected the lower trend line well in the past. Coupled this with a bullish divergence favourable volume and a break of the low time frame trend line, I will be longing GBPHUF with a potential target between .5 and .618 retracement. I back this level with historic S/R of PA where price action may come into resistance.
GBPHUF
https://www.tradingview.com/x/HgnPIVuP/
GBPHUF - Analysing this pair, I see price action has respected the lower trend line well in the past. Coupled this with a bullish divergence favourable volume and a break of the low time frame trend line, I will be longing GBPHUF with a potential target between .5 and .618 retracement. I back this level with historic S/R of PA where price action may come into resistance.
GBPHUFhttps://www.tradingview.com/x/HgnPIVuP/
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