[Signal] USDHKD: Low-Risk Opportunity Arises Again

Feb 17, 2019

USDHKD
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Pegged currency @ 7.85
- Stochastic Overbought momentum
- Price action at Horizontal Resistance Trendline (Central Bank defends at this level)
- The opportunity appears again similarly to our previous USDHKD trade; minimal risk involved)

Suggested Trade:
Entry @ Area of Interest 7.8450 - 7.8500
SL: 7.8572
TP1: 7.8350
TP2: 7.8210
RR: Approx. 2.72 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.