Looking at the USD/HKD pair for 15 minutes, it is noticeable that it is gaining some pips at the price 7.8060 level Should there be a continuous appreciation in the price, the next resistance level will be 7.8065 the next support level at 7.8058.
By observing how price reacts to market conditions, traders gain insights into market sentiment and potential reversals or continuations. Effective price action trading requires patience, practice, and an ability to interpret market behavior in real-time. This approach emphasizes simplicity and can be used across various time frames and markets for informed decision-making. I am smoothly trading price action with LQDFX broker because of their reliable trading platform, advanced technology and other facilities in moderation.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks