JPYHKD trade ideas
HKDJPY technicaly based
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 HKDJPY technicaly based idea, candlels foramtion good bearish, we can see price is bounce from last supp zone (yellow line) expecting to see push down in price till FIBO 0.382 which is in same time and support zone.
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Basic chart patterns (triangles) HKD/JPY Title says it all. this is basic, but powerful, triangles used for simple charting and with entry/profit levels this can't get much better can it.?
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HKDJPY: Target hit. 1W Channel Up intact. Long.TP = 14.41427 hit as the 1W Channel Up (RSI = 56.437, MACD = 0.090, B/BP = 0.2883) rose to a 14.6150 Higher High. The price has since pulled back in order to price a new Lower Low, which should be near 14.200 (Highs/Lows = 0.0000). We will be going long on HKDJPY with TP = 14.600.
1W Channel Up. Long.HKDJPY is rising having made a Higher Low on the long term 1W Channel Up (RSI = 59.227, MACD = 0.035, Highs/Lows = 0.0546, B/BP = 0.1578). We expect to crosse the pivot (blue dotted line) swiftly as the buying pressure on 1D (RSI = 60.972, overbought on 3) accelerates. Consequently we are going long, TP = 14.41427 (previous Higher High) and 14.51650 (potential new Higher High) in extension.