gmarignier

Intraday trade on CSI 300

Long
SSE:CSI300-HKG   CSI 300 INDEX
I identified a strong buy signal on the 4h and 1h chart after testing the support formed simultaneously by the Tenkan and the Kijun. Target is the resistance formed by the SSB and Kijun on the 4h chart.

Buy signal is confirmed by the RSI that has made a great bounce over its neutral zone on the 4h timeframe.

Please note this bounce occurs in the context of an up parallel channel that lasts for already a few days.
Trade closed: target reached: If you have followed my indication, you should have taken your profits at 3858 where the price met its SSB + Kijun.

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