EURHKD ...receiving to important tl...sell opportunity in my idea its a correction on channel .... high risk traders selling after good bearish candle.... low risk traders selling after closing below green line Shortby pardisUpdated 24
EURHDKWhatever you decide to do in EURUSD don't forget to do it in EURUSD, They are exactly the same...by SbusisoNicolasChauke4
EURHKD decision pointEURHKD is at the trendline and fibonacci weekly coincidence. Will it break them to reach the top of the channel at 9 area? by jcds3
HKDEUR descending triangleA nice descending triangle with 7 touch points. My backtesting has shown me that often the oscillations get closer as the triangle gets closer to its apex, and we see here that this behaviour is very strong. The key here will be the open of next weeks trading, where we will see whether it will break above the descending line and ruin the triangle or if the market will start in a downtrend and move towards the support line. If there is another move towards the support line I expect a break and will go short. (I am currently testing profit-taking at previous structural forms.)Shortby olly_priceUpdated 776
EURHKD: Opportune Longs, But For Intraday Trading Only! #FXTraders Possible longs off what seems to be a good level, but there are some issues with the trend here. It proves too risky to get any positions and keep them for the long hold because 1:The target isn't expansive. The target is nearby, and we're already near strong resistance levels. 2:We're in a minor zone overall. The levels aren't as integral as I would like for long term holds. Saying this, theres no reason why you can't use this pair for intraday trading and make good money, but the trend is gone in my opinion and the targets are too limited for longer term holds, hence my opinion this is only good for intraday trading. I'm not saying it couldn't break these levels and prove to go far, but I don't see it as a likely scenario, and even if it does.. It was too risky to put money on the line to find out. Thanks, TomLongby TomProTrader774