moon333

USDHKD formed a bearish BAT pattern | A good short opportunity

Short
OANDA:USDHKD   Dollar Américain / Dollar de Hong Kong
Priceline of US Dollar / Hong Kong Dollar forex pair has formed a bearish BAT pattern and entered in potential reversal zone.
MACD turned weak bullish from strong bullish.
Stochastic has given bear cross.
I have used Fibonacci sequence to set the targets.
The long position can be taken between 0.382 to 0.786 Fibonacci projection of A to D leg coz we have a strong support of 200 SMA withing that zone however soon i will post a buy back plan soon insha Allah.

Sell between: 7.83560 to 7.84230

Enjoy your profits and regards,
Atif Akbar (moon333)

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