U.S. Dollar/Hong Kong Dollar

The American Dollar is trading against the Hong Kong Dollar in a short-term ascending channel. The surge represents a rebound of the currency exchange rate from the bottom trend-line of a preceding horizontal channel up. In the early Tuesday morning the pair has made an unsuccessful attempt to break through the weekly R1 at 7.8119. If by the middle of the day the ...

Even if there is a big correction coming or impulse to the downside the idea is to sell this pair.

no great support here. no profit level. bit of a gamble

Ambitious target, Breakout trade triggered by pullback on 2hour

BULLISH

Short of a life time

TP 7.7907 How to Hedge: Buy EURUSD 1 : Sell EURHKD 7.79

UsdHkd watch spread trading off pivot rsi stoch bb ketlner 26ema and 50sma 2:1 rr

SL 7.76870 TP 7.77108

usd hkd 1h

usd hkd 1h 1

Why does USDHKD always look like this?

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2 elliot waves, within a wave, within another wave, both pointing down ultimately, lets see if it works.. p.s. I just started learning EW, so bear with me...

Inspiration from lewglasgow's idea and I agree. Add pitchfork and divergence.

Yes we have a valid bullish cypher, this time we are looking at USD/HKD on a 4h chart with a simple buying opportunity. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 REMEMBER: Trade at your own risk, exotic currency pairs can be extremely volatile. Do you want more trading inspiration? Connect with me ...

Hello traders, I am always on the lookout for ranging markets. If we have triple bottoms formation then thats a good way to go long. The risk on buying that support is next to nothing. If that never happens then you could buy on the breakout of resistance straight away and set your target on the next resistance. Trade safe, trade well

Possible bat formation if we get the C to D leg completed