Rykin_Capital

Still bullish on GBPHKD.

Long
FX_IDC:GBPHKD   BRITISH POUND / HONG KONG DOLLAR
Technically, appearing to be more at the end of the roll here, but that's ok. I don't recommend you trade fifth waves, because of it's many morphologies, and therefore a certain unpredictable nature. I believe the FibGoals, extentions of the third wave, to be those in green. There are three of them, and just because there are three, does not mean all need to be reached. No, no - one is enough (or none - don't get greedy) and then I like to watch for pivots. Good luck - this is not financial advice.
Trade closed: target reached:
First target 3/12/2020!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.