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UnknownUnicorn7604275
Dec 31, 2020 7:50 AM

USD/MYR Entry Point Short

U.S. DOLLAR / MALAYSIAN RINGGITICE

Description

USD/ MYR continues trending downward within the channel trend and Bollinger bands . RSI showing a downward signal, MACD and MAs crossed downward.

Short Seller
- Good selling point from the breakout point of the previous support level (RED), close position at 3.90
Buyer
- Entry point advisable at 3.88, gotta wait for the bounce from the support level (GREEN) of the overall upward flag.

I don't participate in this trading, just giving out my thoughts. Buy or sell at your own risk level. I'm only observing currency to see the overall economic development.
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