Hey traders! Welcome back to the channel where candlesticks aren’t just pretty pictures, they’re the raw language of money. Today, we’re diving into one of the most underrated Forex exotic pairs: USD/HKD. Yep, the US dollar versus the Hong Kong dollar. Not the pair you brag about at parties, but trust me—this one has power written all over it.
Currently, we have a strong monthly demand level of 7.779. And guess what? It’s trying to play out beautifully. Every time the dollar gets close to 7 in this Forex pair, it doesn’t just bounce; it catapults back up like a rubber band snapping your hand. Only this time, it’s not just any bounce—it’s fueled by the strong monthly demand imbalance at 7.779.
That’s the sweet spot, folks. That’s where institutions, the so-called smart money, are quietly filling their shopping carts.
Now, let’s get real. Most traders zoom into the 5-minute chart, sweating bullets, heart pounding, wondering if they’ll make or lose $10 in the next 10 minutes. But let me tell you something—life’s too short for that if you’ve got a family, a job, maybe even a dog to walk.
Trading the monthly timeframe is like being a chill surfer waiting for the big wave. Patience is your weapon. Because when you catch that big wave, you ride it for weeks or months, while the intraday traders are still glued to their screens with bloodshot eyes.
So how do you play this? Easy. You can swing trade the USD/HKD Forex pair off this strong demand level and hold for the long-term. Think weeks, not minutes. If you love excitement, smaller timeframes like the 1H or 15M have already started showing bullish price action too.
Here’s the trick: instead of scalping and gambling away your sanity, use those intraday setups as entries for a swing position. That way, you get the best of both worlds: precision entries with long-term potential.
Remember—trading should support your life, not replace it. Don’t ruin your weekends with intraday addiction. Swing trading gives you time to breathe, live, laugh, love… and still profit. We’re not here to win a video game. We’re here to grow accounts steadily and stress-free.
So, is USD/HKD the sexiest pair out there? Maybe not. But will it pay your bills while you enjoy your morning coffee without constantly staring at charts? Absolutely.
Stick to supply and demand, trust the monthly timeframe, and, above all, stay patient. Remember: patience in trading is like coffee in the morning. Without it, you’ll make bad decisions.