We have been using the USDHKD pair for wave trading for a very long time (see standard example below) due to its distinct characteristic and tight correlation:
It is more than obvious on this 1D chart that the application of the Sine Wave tool gives high probability entries and exits for bottom/ top buying and selling. Currently we are on an uptrend that should start topping in February. That will be our next low risk trade and it will be a sell. Profit taking will be made towards the end of June as the Sine Wave approaches its bottom.
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