USD/HKD | Price Ceiling

AmarPearson Pro+ Updated   
FOREXCOM:USDHKD   U.S. Dollar / Hong Kong Dollar
Based on previous events for whatever reason, USDHKD has never broken above $7.85 and has never broken below $7.75.

This is an exotic pair, therefore the spread would be large depending on your broker. Also their may be a interest fee paid or received just for being in the trade.

Ive been waiting for price to reach this area for quite some time. I was able to buy in at a lower price and ride a long, however the short trade is what I really want.

This could end up being the easiest trade ever, or a wild misunderstanding. I plan to eventually do more due diligence as my confirmations are met.

Previous analysis linked.



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