EURHUF - Daily - We can still catch a bit of that drop
Trade Alert
Even though the pair has already made a strong move lower from its peak at around 330.70, we can still try and catch that move towards the upwards moving trendline, drawn from the low of the 20th of April. Probably a good idea could be to try and wait for a small retracement back to the 21 EMA and then try to enter SHORT position, with a convenient for you SL. One level to watch for a potential SL could be the 325.35 zone.
Always have your SL in place.
Even though the pair has already made a strong move lower from its peak at around 330.70, we can still try and catch that move towards the upwards moving trendline, drawn from the low of the 20th of April. Probably a good idea could be to try and wait for a small retracement back to the 21 EMA and then try to enter SHORT position, with a convenient for you SL. One level to watch for a potential SL could be the 325.35 zone.
Always have your SL in place.