Is this an interesting pair? Or too tight to trade

U.S. Dollar/Hong Kong DollarFXCM

Description

⋅ Jun 8, 2020 8:43 AM

Hi All,

What do you think about this pair.

I see the maximum range of 1.5% is too tight for decent R/R.

From another perspective it can be seen at it lowest resistance now.

Please share your thoughts.

Thnx
Jad

Trend Analysis

Comments

bla_b_bi10

⋅ Jul 10, 2020 2:22 AM

at the bottom end of the peg

EvilMarketMorty

⋅ Jul 9, 2020 1:33 PM

You need to get caught up on geo-politics. USDHKD is a weapon, not a EURUSD type pairing. If you're on the wrong side you will get wiped out.

Jad-87

⋅ Jul 9, 2020 1:49 PM

@froiland, yes indeed. Didn't chase it since then :)

Prend

⋅ Jun 26, 2020 5:48 AM

Thought the same! This pair is really interesting. Like the resistance and support lines are so strict on point. I assume there are bots trading this pair but also thinkig it's really low for this pair. Lowest point trading since 2008.