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HKDJPYTrading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy. HKDJPY To open SHORT positions for HKDJPY , it is required: In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market trend continues to range this signal will become invalid and we can see this pair climb to new highs. Market execution for entry, I will confirm signal once the conditions have been met. Risk Description: Once signal is confirmed we will basket trade into the position on H1 and minimum 100 pips will be up for grab with small risk SL at swing high. Target 200 pips Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Short
by UnknownUnicorn1372988
USD/HKD 1D Chart: Set for new heightsAll signs on the USD/HKD chart indicate that the pair is set to clearly continue the long term surge of 2017. Although for the last half a year there was a retracement happening, the pair has touched the lower trend line of the 2017 up pattern and formed a junior channel up pattern, which has been guiding the currency exchange rate higher for the past months. In addition a short term pattern can be seen on the smaller time frames. However, the currency exchange rate will still need to pass the upper trend line of the still active medium sized channel down pattern.
Long
by UnknownUnicorn890690
USDHKD Bull PowerTrading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair. USDHKD H4 Technical Outlook To open long positions for USDHKD, it is required: In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. Risk Description: Once signal is confirmed 108 pips will be up for grab with small risk SL at swing low. Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. Current Dynamic S/R Levels: Swing high: 7.81534 Swing Low: 7.80566
Long
by UnknownUnicorn1372988
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.
Short
by UnknownUnicorn1372988
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 UnknownUnicorn890690
HKD/JPY 1H Chart: Channel DownThe Hong Kong Dollar has formed a channel down against the Japanese Yen in force since early July. The rate failed to reach the lower boundary of the channel down during its last wave south, suggesting that the sentiment may soon change in favour of bulls. A confirmation of this move could be provided when the rate moves above the 55-, 100– and 200-hour SMAs near the 13.99 mark. Gains could be limited by three weekly pivot points. Meanwhile, the upper limit is likely to be the monthly PP at 14.48 in case strong upside risks dominate the market.
Long
by UnknownUnicorn890690
CAD/HKD 1H Chart: Channel UpCAD/HKD 1H Chart: Channel Up The Canadian Dollar is trading against the Hong Kong Dollar in a two week long ascending channel that started to form after the currency rate left a preceding ascending channel. This pattern is not usual, as it consists of many reaction highs and only one reaction low. The reason behind such distinctiveness is attributed to a strength exercised by the 55- and 100-hour SMAs or a combination of them both. To put differently, five day in a row these technical indicators do not let the pair to slip to the bottom. This means the exchange rate is going to soar at least until the weekly R1 at 6.2592, which might force the pair make a rebound. However, as long as the above SMAs are moving together, it is doubtful that the pair will manage to cross them.
by UnknownUnicorn890690
EUR/HKD 1H Chart: Descending TriangleEUR/HKD 1H Chart: Descending Triangle The common European currency is trading against the Hong Kong Dollar in a descending triangle pattern . An existence of the figure became evident shortly after the currency pair failed to slip below the 9.1466 level multiple times. In the early Monday morning the currency rate made a second rebound from the triangle’s resistance line and started to pave the way through a combination of the 55-, 100- and 200-hour SMAs as well as the updated weekly PP at 9.1962. From the trade pattern theory, the pair should successfully reach the bottom trend-line and continue to fluctuate within the formation until the end of the week. From a technical perspective this scenario seems rational, provided that fundamental events will not cause an unexpected jump of the rate.
by UnknownUnicorn890690
CAD/HKD 1H Chart: Falling WedgeCAD/HKD is trading in two patterns simultaneously, i.e., a falling wedge and a channel down. The given combination demonstrates that the Canadian Dollar has failed to reach the lower channel boundary since August 9, suggesting that the current bearish sentiment might change in the nearest time, especially with strengthening trend indicators. The last wave south was halted when the pair hit a combined support of the weekly S1 and the 23.6% Fibonacci retracement. The Canadian Dollar is currently trying to push past the 100-hour SMA located circa 6.1470. The 200-hour SMA is likewise located in a near distance. In the short-term, the rate may still trade in a relatively flat motion, but eventually accelerate and push up to the monthly PP at 6.1808, at least.
Long
by UnknownUnicorn890690
HKD/JPY 1H Chart: Channel DownThe Hong Kong Dollar has weakened considerably against the Japanese Yen. Its latest fall started mid-July and resulted in the formation of a channel down. Moreover, the pair is likewise trading in a minor symmetrical triangle. The exchange rate, however, failed to reach the upper boundary of the latter in its last surge and consequently returned back at its bottom line circa 14.20. Thus, the given pattern may be breached to the downside next week. Despite bearish technical indicators, it is quite likely that the Hong Kong Dollar still manages to push higher until the upper channel boundary in the 14.28/32 area, reinforced by the 50% Fibonacci retracement. Nevertheless, the given currency still needs to surpass the 55-, 100– and 200-hour SMAs and the monthly PP near 14.28 along the way. If these levels halt the pair, a breakout is to occur even sooner.
Short
by UnknownUnicorn890690
USD/HKD 1H Chart: Channel UpThe US Dollar has appreciated substantially against the Hong Kong Dollar since early 2017, currently standing near the 7.8240 mark. Recently, the given pair has formed a minor channel up that is guiding the Greenback towards 7.8286—the highest level since mid-2007. This suggests that the rate should be due for a long-term fall. In short-term, however, technical indicators flash mixed signals. On one hand, the US Dollar has lost strength of its momentum north, as apparent from the failure to reach the upper channel boundary in its last wave up. Thus, the previously-described fall may come even before the aforementioned high. On the other hand, there may still be some upside potential that could lead the Greenback up to the 7.8275/90 area. By and large, the pair is being supported by the 55-hour SMA since the formation of the channel up. A breach of this line could provide the necessary confirmation of the rate’s further depreciation.
Short
by UnknownUnicorn890690
CAD/HKD 4H Chart: Channel UpCAD/HKD 4H Chart: Channel Up The Canadian Dollar is trading against its Asian counterpart simultaneously in a medium-term rising wedge and short-term ascending channel. As regards the dominant formation, its lower support line practically coincides with the 55-hour SMA, while the other line represents an upper boundary of the junior pattern. As regards the latter, beginning of this week showed the pair is moving rather in a rising wedge than in the channel and this figure is about to be broken. However, since the support line of the junior wedge is backed up by the 20-hour SMA, the rate is expected to make a rebound. Nevertheless, the surge above the weekly R1 at 6.2639 seems unlikely. In other words, this barrier is expected to be a point, from which the pair would receive an impulse strong enough to leave the junior formation.
by UnknownUnicorn890690