machintose

Potential Short for HKXHKD

Short
FOREXCOM:HKXHKD   Hong Kong 50 CFD
The FOREXCOM:HKXHKD prices had been consolidating for quite a while and not creating any higher highs ( HHs ). Yesterday was a good setup to short after the compression was done, but I failed to catch it.
This morning, I saw another good opportunity to short with a condition that the price will close at 24,190 area.

Here is my personal trade opinion:
Sell Stop at 24,190
Stop Loss at 25,000
Take Profit at 23,125
Risk Reward Ratio = 1.35R

Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Trade active: Sell Stop is triggered.
Comment: Reduce SL to 24,700 as there is a confirmation that the price will go even lower.
Comment: Lower your SL again in the profit area at 24,000
Now we are riding the wave with no risk at all.

- SatayFX
Trade closed: target reached: Nice !! Hit the target and bounce.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out