Long shadow candles appear on the daily chart. Well, before you say anything, yes the candle isn't close yet, but it's a pretty good exchange rate.
If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking.
You will be surprised, at how much more $$ it will bring you when you time your withdrawal.
However, it is not a good time to pay using MYR for your USD commitment, SGD will be a better option(if you had stored SGD in advance).
Never underestimate the importance of business planning from shifting your cashflow from 1 currency to another.
If you had earned from trading and the denomination is in USD, it is a good time to withdraw some profits. 4.2240 indeed is a great zone for profit-taking.
You will be surprised, at how much more $$ it will bring you when you time your withdrawal.
However, it is not a good time to pay using MYR for your USD commitment, SGD will be a better option(if you had stored SGD in advance).
Never underestimate the importance of business planning from shifting your cashflow from 1 currency to another.
🧑🏫Analysis now at Substack
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🏦 Qualify Financial Analyst within 90days
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🚀 Get into our Discord to receive our live market analysis!
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🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🧑🏫Analysis now at Substack
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.