EURHKD trade ideas
RELENTLESS PURSUITMulti time-frame has been conducted on this pair, trade will be taken when it aligns to the entries of the Authors strategy.
I advise to apply Price action and not Faith action; because at the end of the day, price is the ultimate.
EURHKD - Looking for longsFinally we have a BCR of the upper limit of the descending channel.
Also a BCR of the 50 EMA on the Daily and the 4H TF.
Sniper on site on the Daily, will wait for it to come on site on the 4H also before I take longs to the next Supply and Demand zone at 9.7000.
This is a long term trade Idea and you can add to this trade as we make our way up. Use 0.25% risk and take 2 to 3 trades.
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
(All mentions of BCR and SNIPER are credited to Max Norbury of Forex Signals. Check out their awesome site: www.forexsignals.com)
EURHKD Sell IdeaI spotted a beautiful setup on this one. We are just coming off of a nice long up trend. The market structure has shifted nicely into a down trend after breaking out from distribution previously. Price plunged to the down side on the breakout and has created a very nice up bear flag as it pulled back up to retest the bottom of the range. That along with confluence from the MACD hidden bearish divergence confirms that price remains very bearish. We can see price is already rejecting at the top of the flag. To confirm we need only wait for the breakout. There a couple ways to enter. You can enter now and put a stop above if you are aggressive or you can wait for the breakout as stated previously. One more option is using a sell stop order below the flag to catch the breakout if you are unable to monitor your entry. Should be a beautiful trade with nice drop if it plays out as predicted. Always manage your risk and use a stop loss. This is for entertainment purposes only. I am not a financial advisor. Trade at your own risk. Good luck!
TRAIN YOUR EYES TO SEE....MULTI TIME-FRAME ANALYSIS DONE.
TRADE SHOULD ONLY BE TAKEN IF IT FITS YOUR IDEA OR PLAN.
TRADE SMART.
EURHKD_NEUTRAL BEFORE BO*currently in channel on 4 H time-frame
*pattern looks bearish , however should wait for breakout in either direction
*shall take entry on retest
All the best!
Eur Hkd inverse The direction of the present trend of of inverse Eur usd in the future is the same of sp500 , strong long and then strong short for eur usd .
EURHKD: LONGWeekly bullish candle; a good entry should present itself sometime next week and hold for quite a few months to even a year. This has the exact structure as EURUSD, only that EURUSD is one wave ahead. This is common because even with correlating pairs you will find that some lead and others lag.
Patience is fast!
