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ehgnfx
Jul 14, 2020 12:32 PM

The most simple swing/position trade of all time. Long

U.S. Dollar/Hong Kong DollarFXCM

Description

USDHKDFX:USDHKD has been acting the same since 2007, it is currently at the same bottom which has been a turning point since 2007 as well. Technically speaking this should be a turning point once again. I'm considering starting 10K account and risk 50% of my capital to avoid a margin call if it decides to break it's all time low which it has never done before.

I need more opinions on this trade, is there anyone who's sitting on some fundamental information regarding HKD?
Comments
EvilMarketMorty
Have you heard nothing about China in the last year? HKDUSD is a peg, not a currency pair. Hong Kong is now recognized as mainland China. Trade the peg at your own risk, but you need to read more about it.
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