USDHKD// Long Opportunity
Looking at the historical price action, USDHKD has a price floor that hasnt been broken since its inception.
Currently the downside risk if I enter here is only a -0.25% drop from current price, while possible upside is triple that.
Seeing that price is also starting to trend, this may be a good time to add position/s.
This is an exotic so depending on your broker, the spreads may differ and exact entry points should be considered beforehand. Im also not sure about the fees or incentives for holding USDHKD.
Seeing that there is a strong price floor, it may be a no brainer to add positions and forget about them anywhere near the bottom.
Currently the downside risk if I enter here is only a -0.25% drop from current price, while possible upside is triple that.
Seeing that price is also starting to trend, this may be a good time to add position/s.
This is an exotic so depending on your broker, the spreads may differ and exact entry points should be considered beforehand. Im also not sure about the fees or incentives for holding USDHKD.
Seeing that there is a strong price floor, it may be a no brainer to add positions and forget about them anywhere near the bottom.
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