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USDHKD Could this be the next Swiss Franc?The Swiss Franc used to be pegged to the Euro until 2015. The ECB went on a money printing spree with its own QE and the SNB could not sustain maintaining the peg. So it decided to remove the peg and the Swiss Franc strengthened against the Euro more than 20%. This caught a bunch of traders by surprise (mainly because the SNB said it was committed to maintaining the peg) and even collapsed the FXCM branch in the US. Now, will this happen to the HKD peg? Maybe. But the difference here is going long this pair will have you gain positive rollover and if the peg is removed, then price will likely appreciate. If price ranges, then you will be gaining around 1.77% a day, which is pretty decent (especially if utilizing margin. Be careful with using a large amount of margin). As this pair ranges and the FED keeps rates where they are at, with a standard lot, you'll be seeing around $4.85 a day. That is HKEX:1 ,770.25 a year and since the margin requirement for the HKD is around HKEX:10 ,000 for a standard lot, that is over a 17% increase (a little less because you will need more to add some buffer room or you'll get hit with a margin call). But if built correctly, this could be a nice play. I have an entry at the bottom of the band in order to get price at a good lvl. From here I can just hold. Remember, these are just my thoughts and what I am doing. I could be wrong so conduct your own research and analysis. Have some good trading out there.
Long
by DollarSaenz
Sniper Trading System EURUSDThere is genius in simplicity. On Friday's the market typically reverses. So we use the Data of the previous days of the week to determine where price is and if it's time for a reversal. A simple chart analysis of this pattern let's the Snip0er know what direction price is going:) It's been a great week of trading with you all and showing you my Sniper Trading System. Never over leverage. Trust your trade set up. Have Fun!!! I Am Trading Made Simple. Master Jedi & Sensi of #SniperGang
Long
by Master-Jedi-Trader
1
FOREX Analysis - USDJPY on the verge of BreakoutUSDJPY on a 1H timeframe has formed lower high and higher low. the recent candle has broken out of a triangle pattern. if we see a breakout above 139.613 we can initiate a long position with a risk reward ration of 1:1, post which we can trail the SL for targets upto 141.618 Disclaimer: This is our personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision #forex #forextrader #trading #forextrading #money #forexsignals #trader #forexlifestyle #forexmarket #forexlife #daytrader #fx #finance
Long
by TeddyBear8884
Will EURUSD Rally This WeekThis is the Futures Contract of EURUSD. The Futures Contract is simply where price is PREDICTED to trade to in the future. Traders Buy Futures Contracts to hedge their trades. #TradingMadeSimple So buy reading the Futures contract it gives the Sniper an edge to have a very good objective high probability perspective of where the market will probably trade to. This is the Monthly TF. The White Lines represent monthly SR. These are the brick 🧱 walls; the strongest areas of SR in the Forex Market. I’ve broken down the sell to the most probable Low that was created on the last day of trading in the month of September. Adding that the fundamentals for the EURO 💶 and the Dollar are perplexingly distraught there could be a major shift from EURO Falling to the depths of disparity and the Dollar 💵 soaring to the depths of no return. This sets up a very high probability for EURO to Rally in October or at least consolidate a while before breaking North to possibly take out those Equal Highs I have annotated with the red SR LINE. This would put the EURO 💶 above parity before the holiday season and bring the dollar 💵 down before Christmas here in the states. With all of that said who’s buying EURO next month? Never over leverage. Trust your trade set up aka Detailed ANALYSIS based on your technicals AND fundamentals. Have fun!!! Never risk more than you are prepared to lose because anything can happen in these Markets! I AM Pro Trading Made Simple. Master Jedi - Sensi of #SniperGang 🏦🏦🏦
CME:6E1!Long
by Master-Jedi-Trader
1
Nothing but PIP$ and Opportunity on EURUSD!The MZ gave us roughly 43 Pip$. EURUSD has been Maxing out the full 101 PIP ADR Range thus we expect nothing less than that from this pair today. It has already Kissed our 1st TZ in the MZ. EURUSD is poised to Hit all of our TZ's today. In confluence with the DXY still going south to finish a retracement to a Macro PP Level. After the DXY finishes that retracement I expect the DXY to go further south. Thus all Long Set ups look very High Probability today as of Tuesday August 2, 2022 at 1:45 am EST. As of 1:59am ESt price is Liquidating Longs and shorts preparing for the Real move North. At 2am look for a drop into the extremes than the Move North afterwards. The DXy has broke North! Proceed accordingly. Never Over Leverage. Trust your trade set up. Have Fun! I Am Pro Trading Made Simple. WE ARE #SniperGang
by Master-Jedi-Trader
4WD Signature Formula StrategyIn this LIVE Chart price is currently falling into one of our set Ups. We call this 4WD Four Wicks and DROP. It's self explanatory. (Trading Made Simple) When you identify that price is clearly consolidating apply this formula and watch price melt straight into it. This formula and strategy exploits consolidation and extracts as many pips out of the move as the market will give us. Never over leverage. Trust your trade set up. Have Fun! I Am Pro Trading Made Simple
Short
by Master-Jedi-Trader
Clean Up on Isle EURUSD!As we enter the final stage of the MET (Mount Everest Trade) this is the final narrative: There are no coincidences in Forex. If it happened before it will happen again. TIME is the most valuable asset in life and trading. When you leverage this wisdom on top of the FACT an algorithm runs this show: if you pin point the exact times the software reaches for Liquidity & Imbalances you have found your Broken Slot Machine. This slot machine gives away $100 dollar bills all day every day. Call me the Robin Hood of Forex. WE ALL EAT!!!!!!!! Forex isn't hard and I've cracked the code. All you need is one Broken Slot Machine to become a MASTER in this space. Never over leverage. Trust the set up. Have FUN! I AM PRO TRADING MADE SIMPLE
Short
by Master-Jedi-Trader
1
AUD/NZD short position in the makingHello traders, Currently we are putting AUD/NZD on our watchlist for a short-trade somewhere today. Expecting the market to make a small move up, catching the fish and hunting stoplosses. After this small move up we should be breaking back structure level, you can see the lower orange area. When we see a clear break of structure, put the entry point at the retest of this area and we are good to go. Stoploss as always above the high, take profit as marked. Kind regards, Tim
Short
by FXT_TL