USDHKD trade ideas
USDHKD 11 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
USDHKD Short
Heavily dependent on fading DXY megabullrunxtreme. Other possible shorts using DXY failing to break highs are possibly USDCHF and USDINR.
USDHKD - SELLI think its a clear view of whats going to happen the next couple of hours/days.
ENTRY is at the black line.
S/L = 7.84444
HKDUSD completed the formation of CRABThe price action has almost completed the formation of crab insha Allah it will have a breakout from this long position area.
Regards,
Atif Akbar
USDHKD (1D): Take Advantage of the PegUSDHKD
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue)
- Stochastic Overbought momentum
- Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength
Suggested Trade:
Entry @ Area of Interest 7.8365 - 7.8499
SL: 7.8573
TP: 7.7935
RR: Approx. 2.91 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
USDHKD try this short tonight.Going to try this short tonight, lots of the Indices had good drops today which could lead to a big sell of the $ vs other currencies. Its broke out of a bear pennant, should it not shoot up past 7.852 it should be a safe enough play. Target is 7.77
USDHKD Watch price action for sell Hi there, USDHKD is struggling at top.
Watch price action for sell from top.
If price break up clearly then it will change the bearish setup.
Good Luck.
Please support the setup with your likes, comments and by following on TV thanks
Nice Pair to sell As you can see on the chart, the price have never broken that resistant level.
For that case, let's sale the breakout to the down.
The risk is very small while the reward will be enormous :)
However it will need patient to ride this pair.
Hit the like button if you find this useful:)
@wizardsofcrypot #USDHKDlook at that nice filled top resistance
didn't breakt it and don't looks like it will
much resistance if it wants to rise
safe trading
wiz
HKD Peg Band"The HKD is floating in a band of 7.75-85. The Hong Kong authorities are committed to intervening when the band is in danger of breaking to either side, and they have the reserves and financial power to do so."
testing inverse setup algo 8small time frame active survil
not a trade advice
strategy stacked short throwput 1 ts ubn
Perfect trade, both targets hit. Medium term scalping. Neutral.USDHKD hit both upside/ downside Targets as it continues to trade sideways within a 1D Rectangle (RSI = 56.376, MACD = 0, ADX = 22.206, ATR = 0.0029). We will continue to scalp (buy low, sell high) the 7.84225 - 7.84890 zone until it breaks convincingly. 1W Highs/Lows = 0 are in support of extending this sideways movement.
April 18th - The most important Macro day of 2018Ongoing look at a bunch of important divergences and occurrences that trace back to April 18, 2018.
Rectangle on 1D. Short.USDHKD is trading within a 1D Rectangle (RSI = 55.573, MACD = 0, Highs/Lows = 0.0003, B/BP = 0.0018). We sell at 7.8489 and buy at 7.84225.
DIDO (Day In Day Out) Look at USDHKD - Possible ShortLooking at possible bad data for NFP-- this looks like it will be a serious short three days from now.
USDHKD OverviewHitting monthly high range and testing USDHKD peg. Consumer prices in HK is so expensive it deserves to lower vs the world. Perhaps 50% lower would make it a lot more competitive.
