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.
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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