newcapitalfx

Institutional Supply for the CHN50

Short
FOREXCOM:CHN50   China A50 CFD
Dear Traders,

Due to demand, I'll upload a few chart ideas beyond the forex markets. Besides the previous post about the DAX , the CHN50 is also looking good for a weekly pullback from Weekly and Daily Supply, both breaking a clean bullish trend to the downside.

The same gameplan is used as for the DAX , which is to show patience and see price-action move a bit higher towards the end of the week before a solid correction in the start of the new year. The Daily chart can be used nicely to spot reversal zones inside of this weekly supply zone , besides that the intra-day charts such as the 1hour and 4hour chart will be applied to create a full breakdown for the CHN50 .

Have a good one.