USDHUF Textbook Decline | Elliott Wave Analysis

While many traders’ attention has been fixed on the decline of the dollar against some of the other popular currencies, we’ve managed to identify a solid Elliott Wave pattern against one of the more exotic ones – the Hungarian forint.

In this video we show you how the USDHUF pair following a textbook example of an Elliott Wave pattern. We identify the impulse and its sub-waves and where it should be headed if the the analysis proves to be correct.