HKDAUD trade ideas
AudHKD Buy swing Hi All ,
only open a buy at current price if you can afford a Stop loss . This is a swing trade , not a day trade hence the SL .
Many thanks.
AUDHKD Scallops GaloreA possible repeating pattern can be seen of a descending scallop, this is supported by a rising RSI. Other chart patterns present include a diamond top reversal, an Adam & Adam bottom, and an Eve. The Diamond Top led to the formation of one of the descending scallops.
Audhkd Buy limit Hi All ,
This pair has presented itself again , Gave us 70pips last time out with the form of right shoulder and now going back to point of entry .
5.29017 we buy & Sl 5.27005
TP: TS
Many Thanks
AUDHKDCould be a great opportunity to short the AUD against the Honk Kong Dollar
Waiting a signal at the horizontal resistance but if price pushes above then i will be waiting for a signal at the diagonal resistance - incase the big boys are trying to catch people on the wrong side of the market.
Will see how this materialises over the coming days
breakdown shortbroke the range and trend line, looking for a short momentum play to nearest good demand zone for a bounce back.
Breakout Anticipation Longtermif you are on the 4hr , then price might just be retracing as it doesm this analysis can be applied to smaller time frame than the daily.
LOOK LEFT SUPPORT HAS BEEN ESTABLISHED !!!
Adaptation on a CYPHER Harmonic This is my adaptation on a Cypher harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern, once it does i will enter the trade. The current Risk:Reward still 1:5.8 what is acceptable as i believe that it should hit the Take Profit. I have set the TP below the expected level (0.18114) to ensure it does not fall short by a few pips. The Stop loss is slightly above the D point if/when it completes.
AUD HKD BUY (AUSTRALIAN DOLLAR - HONG KONG DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
AUDHKD: Taking full advantage of the Channel Down on 4H.The pair is on a standard 4H Channel Down (RSI = 33.623, MACD = -0.012, Highs/Lows = -0.0225, B/BP = -0.0448), which since it crossed the 5.5788 4H support is expected to continue lower. The expected Lower Low is estimated at 5.5380 where a pull back to 5.5788 is expected.
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AUDHKD Possible trend Change, Inverse H&STrying to play a long term trend change here. Had a dropping trend channel from the start of 2018 and this month we have had the first breakout of this channel. We had a nice double bottom in Oct which already reached it's target. At the moment it has dropped but it could potentially make a right shoulder for an inverse H&S. I am going to scale in several orders. Doing two 25% of a normal position at those yellow circles and i will increase on the way.
So risking a small amount here with the potential of a very big win when playing it right.
Target hit. Channel Down intact. Short on new Lower High.TP = 5.66170 hit as the 1W Channel Down (MACD = -0.073, Highs/Lows = -0.0245, B/BP = -0.1173) made a new Low just below the target. The price jumped to a new Lower High and is now set to price a new technical Lower Low. The 1D Lower Low line supports earlier however, so our new short's TP is 5.58718.
Strong 1D Channel Down. Short.AUDHKD has quickly resumed the downtrend after a new Lower High on the 1D Channel Down (RSI = 40.834, MACD = -0.018, Highs/Lows = -0.0180, B/BP = -0.0503) and is now seeking its next Lower Low. A short is opened on the current market price, TP = 5.66170.
