USD/HKD to thirty-minute time frame has formed a reversal pattern Gartley and the price jumped from the 0.236 Fibonacci level. Levels 1.270 0.886 BC and HA are resistance for prices. Further, during several m30 bars expect the southern movement of the pair.
You can feel that the couple is not in demand, but still)) the Price USDHKD is near the resistance level which is located on 7.8499. As the price for a very long time could not break through this level, then there is a strong likelihood that there will be a rebound and the downward movement will continue. Waiting for the formation of a clear reversal set-up for decision-making on trade in bearish side. Until the appropriate setup is better to keep neutrality.
And we will continue. A pair USDHKD price moves to resistance level, which is located on 7.8499. Today it is possible to consider options for the purchase with a small target located at the designated level, but priority to trade will be sales after the formation of the reversal pattern. Observe the price movement and are waiting for the situation for this pair in the future.
What I like is the stability of this couple))). A pair USDHKD price does not reach the key resistance, located on 7.8499. As mentioned earlier, expect price touch the key resistance, after which a reversal pattern you can consider the options for sale. The next goal pass prices will be the level, which is located on 7.8551. Observe the price movement and are waiting for the situation for this pair.