USDHKD: Time at mode signal predicts even this managed float

FX:USDHKD   U.S. Dollar / Hong Kong Dollar
Very clear how the Time at mode downtrend signal here predicted the end of the decline in time...
Now we have a long signal, and it's likely to return to the 7.79 handle.
If you can trade this pair and margin requirements don't kill you, you can go long at market with stops under yesterday's low.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.


Ivan Labrie.

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Comment: Slow pace but looks ok so far.
Comment: Acting nicely now.
Trade closed manually:

The range target has been hit, we can exit here, although there's 2 more bars left in the uptrend.
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