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HONG KONG DOLLAR / NEW ZEALAND DOLLAR

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HKDNZD trade ideas

NZDHKD - Bullish TrendBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
NZDHKD, Cup-and-Handle (bullish)STATUS = Confirmed CURRENT CONFIDENCE = 60% TARGET (EXIT) PRICE = 5.104368 HKD BREAKOUT (ENTRY) PRICE = 5.088184 HKD DISTANCE TO TARGET PRICE = 0.15% (75.0 pips) EMERGED ON Jul 20, 09:00 AM (UTC) CONFIRMED ON Jul 20, 09:00 AM (UTC) WITH CONFIDENCE LEVEL = 72% The Cup-and-Handle pattern identified by Tickeron’s AI The Cup­-and-­Handle (sometimes called Cup­-and-­Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”­like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. The declining handle potentially forms due to mounting selling pressure created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.
Long
by AlTorress
NZDHKD BUY LIMIT ALERT SIGNAL FOR POSITIONAL TRADE ALERT SIGNAL DATE 03/09/2018 NZDHKD BUY LIMIT THANK YOU *SUBJECTED TO MARKET RISK Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena. Personally, I like to use a system that has the highest reward to risk, which means that I tend to look for turning points at support and resistance levels because these are the points where it is easiest to identify and quantify the risk. Support is not always strong enough to stop a falling market, nor is resistance always strong enough to turn back an advance in prices. However, a system can be built around the concept of support and resistance to give a trader the edge required to be profitable.
Long
by E_R_S
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