EURHKD: Long term sell. Choose the entry carefully.

Short

EURO / HONG KONG DOLLAR (FX_IDC:EURHKD)

FX_IDC:EURHKD EURO / HONG KONG DOLLAR

trendanalysis chartpattern indicator eurhkd eur hkd euro hongkongdollar forex currencies currency

This pair is trading on a long term 1W Channel Down (RSI = 45.188, MACD = -0.052, Highs/Lows = 0.0000) with clear Lower High entries and an obvious 8.7850 Support. The price has just entered the neutral territory so there is still potential to rise a little further before resuming the underlying bearish trend. We estimate the reversal point to be just above the 0.500 Fibonacci level. TP = 8.7850 (the 1W Support).

** If you like our free content follow our profile () to get more daily ideas. **

Comments and likes are greatly appreciated.

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.