FX_IDC:USDMYR   US DOLLAR / MALAYSIAN RINGGIT
44 0 2
6 months ago
AFTER FOMC MEETING, IT IS LIKELY THAT THE FED WILL INCREASE THE FED FUNDS RATE IN JUNE, WHETHER OR NOT THE FOMC WILL ACTUALLY DO, THE MARKET'S EXPECTATION IS THAT IT IS HIGHER CHANCE FOR THE FED TO RAISE THE RATES, SO BUY LOW COULD BE AN OPTIMAL CHOICE, AT LEAST UNTIL EARLY OF JUNE, THEN WE COULD WAIT AND SEE THE OUTCOME OF FOMC MEETINGS.
MOREOVER, IF THERE IS SOME RESISTANCE OF WTI OIL             PRICE AT THE LEVEL OF 50 USD / BARREL, THEN THE PERFORMANCE OF MYR             WILL ALSO BE NOT SO GOOD.

TRADE IDEA:
BUY AT NEAR 4.0596
SL NEAR 4.02
TP1 4.1624
TP2 4.2414
6 months ago
Comment:
snapshot

buying at low if there is a clear bullish reversal near the support
6 months ago
Comment:
snapshot


An uptrend seems to continue after testing 4.0580, can look for long opportunity towards 4.1624
6 months ago
Comment:
snapshot

First target reached, close half position and hold another hafl position with its SL adjusted to 4.08000
5 months ago
Trade closed: stop reached: Another half long position closed because stop loss at level 4.08000 is hit.
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