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GBPHKD trade ideas

Wedge Falling (bullish)CURRENT CONFIDENCE = 60% TARGET (EXIT) PRICE = 0.104489 GBP BREAKOUT (ENTRY) PRICE = 0.103454 GBP DISTANCE TO TARGET PRICE = 0.60% (6.2 pips) CONFIRMED ON Jun 24, 08:16 AM (UTC) WITH CONFIDENCE LEVEl = 68% Tickeron AI shows that the Falling Wedge pattern forms when the price of a pair appears to be spiraling downward, and two down-­sloping lines are created with the price hitting lower lows (1, 3, 5) and lower highs (2, 4). The two pattern lines intersect to form a narrow triangle. Unlike Descending Triangle patterns, however, both lines need to have a distinct downward slope, with the top line having a steeper decline. This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. However, there is a distinct possibility that market participants will either pour in or sell out, and the price can move up or down with big volumes (leading up to the breakout).
Long
by AlTorress
Rectangle Top (bullish)CURRENT CONFIDENCE = 68% TARGET (EXIT) PRICE = 9.723198 HKD BREAKOUT (ENTRY) PRICE = 9.685407 HKD DISTANCE TO TARGET PRICE = 0.21% (206.8 pips) Tickeron AI shows that thee Rectangle Top pattern forms when the price of a pair is stuck in a range bound motion. Two horizontal lines (top: 1, 3, 5) and (bottom: 2, 4) form the pattern as the pair bounces up and down between support and resistance levels. Depending on who gives up first ­ buyers or sellers ­ the price can breakout in either direction. This pattern is commonly associated with directionless markets. Usually, the pattern performs better when there is a strong uptrend leading into the formation.
Long
by AlTorress
MUCKY FILM TIME...Old strong resistance turned new support and TL been used as good support also, price is currently sat at both of these so we can only see price movement to the upside. A double setup where 2 things confirm it is a good trade to take cant be ignored, look at it like this.... You are looking for a film to watch ( not a mucky adult 1 ) ;p you come across a film but you cant decide weather you think it will be any good so you ask Tom and he says its good, but you still are not sure so you ask Jess... she also says its good so because 2 people backed it up ( support and trend line ) you decide to watch it... the film ends and.... you hated it and wasted 2 hours of your life you cant get back so you loose 2 friends haha, only joking. You watched the film and love it :) but it was only because of your 2 friends backing it up ( support line and trend line ) you saw it. So when you see a double setup that fits in you trade setups don't ignore it.
Long
by ApexFX_Pro
1
#GBPHKD: Bears Active- Expecting Lows To Be Seen! #ForexTraders, Bears are in at a great level, after the compelling evening star in the small rounded top base, expecting some good move now. After testing and proving the sideways line is a sideways support/resistance trend line whilst hitting the small wave retracement, the move is validated for shorts, and expecting some nice lows here. ---Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page--- Best regards, Tom
Short
by TomProTrader
1