EURHKD trade ideas
EURHKD UpdateYesterday Setup - s3.tradingview.com
Hitting buy zone 1 we can see price buying we are still targeting the highs for this trade
EURHKD2 buy zones placed. If we see price breaks lower expecting buying from the lower zone. Targeting the high area
EUR/HKD 3 week oscillations in descending channel.Except for a couple of wicks outside the upper limit around 3/20 the EUR/HKD pair has been trading in a downward channel nicely since early 2019. The price action has been following a 3-week cycle from lower to upper and back to lower limit again. Question is how much longer this pattern will continue. If it does we should see another test of the upper limit around 5/9 - 5/13 followed by a move towards the lower limit again around 5/17 - 5/20. (My blue line shows the potential price action, not a continuation of the blue momentum line in the chart.)
Seems we are also approaching some support around 6.677 from back in May 2017, which might be where we can start to see a change to some sideways consolidation or a start a new upwards trend.
EURHKD: Long term sell. Choose the entry carefully.This pair is trading on a long term 1W Channel Down (RSI = 45.188, MACD = -0.052, Highs/Lows = 0.0000) with clear Lower High entries and an obvious 8.7850 Support. The price has just entered the neutral territory so there is still potential to rise a little further before resuming the underlying bearish trend. We estimate the reversal point to be just above the 0.500 Fibonacci level. TP = 8.7850 (the 1W Support).
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EURHKD 4H Bat with DivergenceDivergence is the thick purple lines. Price targets are t1-t3 in light green. Stop loss is 0.786 in red. I'm a little late to post this but it is looking like price is going to reverse, it is respecting the resistance predicted by the harmonic pattern.
I spend hours daily finding tradable Harmonic Patterns and I post them to here because I want my work to help more than just myself. IF you like this then thumbs up it and follow me.
EURHKD 1:5 Risk Reward LONG Europe Quant Score:
Yesterday the score was -32 showing weakness, but a shift of over +32 points showing a dramatic increase in strength overnight gave this amazing long bias. Even though the EUR score is technically neutral, this large shift is showing a change in momentum.
Hong Kong Quant Score:
Consistently weak at -21
- Trade entered already by our team - looking to close whole position soon!
EUR/HKD LongTSI W: bull bias
TSI D: Long signal on early day price action
RSIEMA: bull bias
10/5 Daily bull cross
RVI long signal with bull bias
EURHKD ShortThis is another trade entered few days ago. Adding it here so I can update.
This trade was a continuation signal.
Moved SL to just above this weeks Open (in profit).
EURHKD: Quick buy opportunity.Standard 4H Channel Up (RSI = 60.914, MACD = 0.022, Highs/Lows = 0.0098) but with a clear Resistance zone so far at 9.0630 - 9.0690. This creates the conditions for a short-term long position with TP = 9.0600.
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