We had a very good trade on HKG33 last month, and now it's giving us another opportunity for a good risk to reward trade.
After hitting our previous target (22600) it made a double bottom pattern and broke back above the previous resistance
(23500 ish) and it seems like its holding above it and regained it as support.
this setup provides a 4R trade to take.
After hitting our previous target (22600) it made a double bottom pattern and broke back above the previous resistance
(23500 ish) and it seems like its holding above it and regained it as support.
this setup provides a 4R trade to take.
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previous trade idea on HK33.
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price is at the mid-range and up 2R since entry.
not a bad place to bank some profit and let the rest run to the target.
:)
not a bad place to bank some profit and let the rest run to the target.
:)
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I consider it a hit, scaling out of this position.
Trade closed: target reached
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+4R