HKDUSD trade ideas
Ichimuko:USDHKD Shortif you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk.
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Hong Kong Dollar Bull MarketHong Kong Dollar (USDHKD)
Increasing higher lows on the 4H Chart. Three touches on the blue trend line.
Daily Time Frame Chart. Pull back and a close above horizontal level.
USDHKD Entry Price Zone Area 7.79415USDHKD
Up Trend
Horizontal Level
Diagonal Level
EMA 10 Level
EMA 20 Level
Inside Bar Signal
USDHKD for me needs to get and hold above 7.8000This is for Carlos who requested I take a look at USDHKD on one of the recent Monday Market Updates.
This weekly USDHKD chart shows the boundaries of the currency over the last few years as it moves between its upper boundary at 7.85, and its lower boundary at 7.75.
Presently we've seen a grind north from the lower boundary this year and we're presently hitting the Feb 20 highs just underneath 7.80.
For me, price needs t get above that 7.80 range and hold above it on the weekly chart for me to remain bullish. if it can do that then its next target would be in the 7.825 region.
Watch the price action here to see if we break and hold the 7.80 level...or whether its rejected.
Hope that helps Carlos!
USDHKD Exponential Moving Average and Trend Line Foreign Currency
Trend: Up
Level: Diagonal Level, EMA 10 Level, EMA 20 Level
USDHKD Ascending Triangle and Exponential Moving AverageUSDHKD (U.S. Dollar / Hong Kong Dollar)
TREND Attributes
Higher Lows
Exponential Moving Averages Increasing (Positive Slope)
Trend Line Increasing (Positive Slope)
USDHKD daily imbalance Price drifted away too fast following the news and left imbalance,expecting price to fill the imbalance and continue downward
USD/HKDHello there traders!
As always we provide you with analysis on tradingview.
Currently we are looking at the pair USD/HKD where we had a nice impuls and corrective move.
Structure tested supply zone and created a reversed H&S .
Bullish pressure pushes the market up and after the retest of the right shoulder we should see USD/HKD go up.
We also have seen the counter-trendline break wich indicates we are bullish .
Last but not least we see the market create H&S and a rejection of the retest.
This means we are satisfied and ready to take the trade.
Have a good week!
Short USDHKD - small SL at 2HShort USDHKD - small SL at 2H. Quick Trend breaking probability of good targets.
USDHKD// Adding Positions (Update)Currently retesting a previous daily level after hitting the first area of interest.
Took profit on the way up to the first TP, and will be Laddering quite a few small positions as prices fall. Due to the spread, you wont be able to get great entries from here on out.
Trade with a reasonable stop. Keep into account the big spread. Given price melts down due to a DXY collapse, I will begin offloading slowly anywhere under 61% given a lack of rejection from the level (to the upside).
Prev. analysis linked.
USDHKD// Long OpportunityLooking at the historical price action, USDHKD has a price floor that hasnt been broken since its inception.
Currently the downside risk if I enter here is only a -0.25% drop from current price, while possible upside is triple that.
Seeing that price is also starting to trend, this may be a good time to add position/s.
This is an exotic so depending on your broker, the spreads may differ and exact entry points should be considered beforehand. Im also not sure about the fees or incentives for holding USDHKD.
Seeing that there is a strong price floor, it may be a no brainer to add positions and forget about them anywhere near the bottom.
Two goals on USDHKDMoving up steadily on this one, although momentum is dropping. I believe we are going up on tis one. My honest opinion. Fibonacci goals are provided.
As always, this is not financial advice, so please do your own research.
USDHKD | Hong Kong Dollar 24 May '21 Rejection Candle USDHKD Rejection Candle formed on the Daily Chart.
USD/HKD ShortPrice has returned to a previously broken key level, 7.7700 which is now acting as resistance.
Friday closed the week with a bearish engulfing candle on the daily T/F signifying the presence of sellers in the market.
Last time price visited this zone was in April and we saw strong rejection to the downside.
If sellers remain in control we can expect that the market may drop lower to the 7.75500 zone creating new lows.
USD/HKD Uptrend Established LongClear trend presenting itself with the US dollar vs Hong Kong Dollar
With most of April crushing the USD it appears we are now turning the tables
with a curved bottom and a clear uptrend painted thus far for this pair.
I have outlined the green box for LONG entries which is sitting at the point of control
with a fib pull from previous swing high to low for confluence with the above mentioned factors.
Resistance levels have been drawn using standard Fibonacci pulls and align well with volume Profile.
Ensure you have a trading plan and know your invalidation .
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