EURHKD: Approaching the 1W support. Quick short.The pair is trading within a 1D Channel Down (RSI = 36.144, MACD = -0.025, Highs/Lows = -0.0383, B/BP = -0.1084) and is approaching the 1W Support at 8.87100. Quick short opportunity for TP = 8.90390.Shortby InvestingScope10
Target hit. Lower High on the 1W Channel Down. Short.TP = 9.2050 hit as EURHKD moved sideways before the Channel Down selling pressure pushed the price lower. The pair is still being traded within a long term 1W Channel Down (RSI = 41.770, MACD = -0.084, B/BP = -0.2478) with the neutral Highs/Lows = 0 suggesting that a Lower High has been priced. As you see on the chart that value was probably yesterday's 9.1235 High. As a result we are going short now with TP = 8.9500. See how for the time being the pivot line supports.Shortby InvestingScope4
Target hit. Rectangle formed. Scalp Long.The previous TP = 9.23060 has been hit as the 4H Channel Up peaked just above 9.25000. EURHKD is now trading within a 1D Rectangle (RSI = 46.757, STOCH = 50.624, ADX = 26.644, Williams = -54.225, Highs/Lows = 0.0000). We will be performing scalp trading on the tight bands of this Rectangle with the first trade a long (TP = 9.2050).Longby InvestingScope1
4H Channel Up. Long.EURHKD is on a 4H Channel Up (RSI = 59.981, Highs/Lows = 0.0108, B/BP = 0.0243) but was yesterday rejected off a possible Double Top event, so bullish break-out confirmation is needed. Adding buy position with TP 9.23060.Longby InvestingScope2
Bearish OrderblockThe market structure has been broken in H4 and H1, simple put bearish orderblock didn`t hold, to go long, wait for retracements on smaller timeframes then fire in the name of Jesus. by Tsepiso_iso1
A Bullish EUR may hint for a Long position through the weekHey, Strong EUR has caught our attention , the Euro vs Hong Kong Dollar is trading @ 9.23867 that is above previous daily close if you bare in mind the strong up Trend (view chart above) as well as the fact that we got 4 consequent up bars the following summery should be considered summery: According to our trend following strategy we may invite for a Long market through the week ahead.. Note: stay away form Short trades on the Euro vs Hong Kong Dollar through the week ahead!Longby SerenaAadms2
EURHKD Long|Possible H&S FormingI am looking at a possible inverse H&S forming on the EURHKD daily chart. In the chart I have outlined what I anticipate to happen in the coming days and also my preferred buy point. Not a recommendation. Just thinking aloud.Longby DarkMoonAI1
Short Position on 4HThis pair is looking to test lower levels. Entry - 9.6210 Take Profit - 9.5650 Stop Loss - 9.7100 This is for entertainment purposes only. You can lose all your $$$ trading so enjoy watching traders getting it right or wrong instead. Let's see how this plays out.Shortby UnknownUnicorn1299022Updated 1
EURHKD buy limitPlaying Trading Simulator Game: On the 1 hour chart, buying opportunities have been at the 200 moving average. Buy Limit at 9.6779Longby dzynr642
EURHKD RANGING TRADE SETUPTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into negative territory for trade entry confirmation for movement to the downside. Market execution for entry, confirmation will be required for entry. Risk Description: Once signal is confirmed 2000pips will be up for grab with small risk SL at swing high. Profit expectations: 12 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.Shortby UnknownUnicorn1372988Updated 0
EUR/HKD - 1000 Pips+ Long OpportunityJust as with EUR/USD, the pair doesn't want to fall. We can see on the weekly chart a continuation pattern unfolding same as the one on the 8 hour timeframe. If it keeps this level and support, then an upward move is inevitable as the long term trend with Euro from we can see on the Weekly chart and Monthly is long. I would suggest to wait for more confirmation, and once there is enough data to expect the move, enter with the right risks. Happy trading!Longby MoolahMaker2
EUR/HKD 1H Chart: Bypasses 100-hour SMA EUR/HKD 1H Chart: Bypasses 100-hour SMA The common European currency is losing value against the Hong Kong Dollar in a minor descending channel. However, a combined pressure of the 55-, 100- and 200-hour SMAs most probably will lead to dissolution of this pattern already by the end of the day. Once this happens, the pair is expected to enter into a barrier-free zone, which will last up until combined resistance set up by the monthly R1 at 9.2282 and the upper-trend line of a medium-term descending channel. However, there is also an alternative scenario, according to which the exchange rate will remain in the current junior channel due to additional resistance put by the 55-day SMA near the 9.2000 mark. In that case, the rate might postpone the breakout until tomorrow’s release of various EU manufacturing data.by UnknownUnicorn8906902
Exchange price might get uptrend if validations occurThis forex pair price might be uptrend but let's wait for all validations to happen before opening any position. Longby investdata224