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U.S. DOLLAR / MALAYSIAN RINGGIT

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USDMYR trade ideas

USD/MYR Entry PointUSD/ MYR continues trending downward within the channel trend and Bollinger bands . RSI showing a downward signal, MACD and MAs crossed downward. Short Seller - Good selling point from the breakout point of the previous support level (RED), close position at 3.90 Buyer - Entry point advisable at 3.88, gotta wait for the bounce from the support level (GREEN) of the overall upward flag. I don't participate in this trading, just giving out my thoughts. Buy or sell at your own risk level. I'm only observing currency to see the overall economic development.
Short
by UnknownUnicorn7604275
SIGN OF CONTINUATION TREND ON USDMYR.My Idea On USDMYR . USDMYR potential continue uptrend since the price has been showing sign of strength/hidden divergence on WK1 TF(SIGN OF CONTINUATION TREND). If Price Break and close ABOVE 4.2100-4.2300 it will likely to go hinger. Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. Trade At Your Own Risk. Note:This Is Market Overview Not A Trade-Call Happy Trading Pals.
by Muizzudin