USDHUF set for wave 5 decline?

USDHUF appears to have completed a triangle to finish Wave 4 Green and should soon break to new lows in a Wave 5 Green. The 55 hour moving average has been fairly reliable resistance throughout this impulse lower. Therefore if price moves significantly higher than this moving average it is likely Wave 4 Green is still unfolding in a more complex correction.

This is a pair that I have only recently begun trading, but I feel that it exhibits more defined wave patterns than most highly liquid currency pairs. Perhaps, this is a result of a more localized populace trading this pair than the more liquid crosses, allowing their social mood (and therefore price) to fluctuate in unison.

USDCAD nearing end of B Wave. Higher Ahead?

USDCAD appears to be very near to completing a Wave B Green low. Given how close the 3rd wave of the current wave C came to the low of Wave A Green, this may develop as an expanded flat. Keep that in mind when placing stops.