qasimtahir

USDHKD - In Downtrend with Symmetrical Triangle

Short
OANDA:USDHKD   U.S. Dollar / Hong Kong Dollar
USDHKD in 1h time frame chart is printing Downtrend with Symmetrical Triangle pattern and there is no any divergence in RSI. Therefore market may seem more inclined to move in the direction of the existing trend.
Hence I'll take short trade with Sell Stop Order on the breakdown last Lower Low level with stoploss above at last Higher Low level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.