Quant_

Honk Kong 33 Ascending Channel - Short Position

Short
OANDA:HK33HKD   Hong Kong 33
Honk Kong 33 Short Order

Entry: 28,267.8
TP & RR: 27,881.1 (1.5)
Stop Loss: 28,525.9

REASONS FOR THE TRADE

I hate to open a position against the trend, but I believe that the price will respect the upper trendline and reverse to test the lower trendline. The Stop Loss is set just above major resistance, so if we do get hit it's very likely that the price will continue trending up.

The Market Flow indicator is not giving me a signal yet, still showing some strength, so if the trade setup is correct then it should start reverting soon.

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