Long shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate.
If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking.
You will be surprised, at how much more $$ it will bring you when you time your withdrawal.
However, it is not a good time to pay using MYR for your USD commitment, SGD will be a better option(if you had stored SGD in advance).
Never underestimate the importance of business planning from shifting your cashflow from 1 currency to another.
If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking.
You will be surprised, at how much more $$ it will bring you when you time your withdrawal.
However, it is not a good time to pay using MYR for your USD commitment, SGD will be a better option(if you had stored SGD in advance).
Never underestimate the importance of business planning from shifting your cashflow from 1 currency to another.
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Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
www.tiktok.com/@raynlim