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D_Market_Outlook

Rejection from Fibbs and trendline

Short
Hong Kong 33 (OANDA:HK33HKD)  
D_Market_Outlook Updated   
OANDA:HK33HKD   Hong Kong 33
Trend Analysis Chart Patterns Beyond Technical Analysis Hang Seng HSI hsiforecast hsisell shortsetup hsishort hangsengindex
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trendanalysis chartpattern beyondta hsi hsiforecast hsisell shortsetup hsishort hangsengindex
1. Good RR with stoploss above structure
2. Pin bar rejection from the fibb level
3. Volume is low on the pullback
4. Rejection from trend line.
5. Lower close of previous low in 1hour time frame. Good reason for entry
Comment:
Take some profit and set SL to breakeven
Comment:
Bearish momentum continues no reason to close our short.
1. Rsi not over sold
2. Price action printing lower lows
Comment:
Comment:
snapshot

Pullback to structure + confluence with 0.5 fibs , can add small position.
Comment:
Close some positions and let the rest run at breakeven SL.
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