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Thread: Usd/hkd analysis

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    Default Usd/hkd analysis

    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.

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    I follow two techniques for minimizing drawdowns and maximizing profit. One is I avoid trading in volatile market and take low leverage in trading. FXOpulence allows traders with a reliable mt5 trading platform where you won’t face any technical issues like slippage, requotes and dealing desk.

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    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.

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