Trade Idea: Selling HangSeng (HKXHKD) Reasoning: Bearish engulfing on hourly chart after stalling at resistance. Forming a potential bearish flag on the 4hr chart Entry Level: 20831 Take Profit Level: 20031 Stop Loss: 21031 Risk/Reward: 4:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There...
Will the TVC:HSI index rebound from current zone? $HSI "Hang Seng" Is currently trading in an interesting zone that's worth watching. A breakdown will trigger a retest and a severe fall. However, I see an opportunity here for a decent rebound to 26k. $HSI #HangSeng #Hk50 #HongKong #HongKong50 Follow for more updates... #AHMEDMESBAH
Inverse head & Shoulder and price also pull back to Fib 0.618, looking for reversal signal at smaller time frame and buy. Aim 27000
Alot of patience is based in this setup The major indicies sp500, us100, DOW, FTSE etc. has made serious gains the last 18 months Even though the evergrande crisis became publicly know whe hk50 was at it bottom it did held op and made massive support at the area. Today we saw our first higher time frame trend reversal - it could offer a bank stuffing trade...
During the Asian trading session on Tuesday, Hong Kong 50 Index breaks above the resistance triangle line, beginning from June 21st. Yesterday the price impulse broke above the resistance line at level of $25800 and in the next few hours on a four-hour chart, tested the resistance line above and confirmed it as a support line. Tomorrow investors will observe with...
Hong Kong 50 took a drop on Thursday after tech companies declined. We shoulder see strong bullish movement if price respects our current support.
Trading a perhaps* Bearish flag. *Perhaps, because, despite such Bearish momentum, anything aye still possible. After TP1 clicks, If the market shows more of Bullish possibilities. Then RR should be... you know what, "hold my drink" Ok, For trade, setting two entries. Same SL, different TP. If TP1 hit, and TP2 doesn't. Then RR becomes about 9:1, instead of...
Consolidation is broken upwards. If they go above 29502, they can grow to the area of 31710. The stop can be kept below 28150.
Don't see any reason to not go up as the markets look solid! This is not financial advice.
31/12/20 Price is expected to relief and we can expect exhaustion before another push up. Price is at/near monthly resistance so buys are short term of higher risk. Shorts can only be taken if we have a daily break as directed and a nice valid continuation pattern. Have a great New years everyone! Sunny
Formating descending triangle on the top of the strong trend, possible fall to 26350
1.If we disregard the wicks, and pull out FIB retracement tool, we can see that HK50 is testing the 0,382 level. We can see that this level acted as support in the middle term and right now it has turned into resistance. 2.A blue wedge has formed on the daily chart, I disregarded the breakout because the resistance have been tested so many times since March. If...
FOREXCOM:HKXHKD #Weekly #Monthly #AHMEDMESBAH
FOREXCOM:HKXHKD is still in Seller's territory and now is a good time to short. Purely Price Action setup and here is my personal trade opinion: Sell Limit at 23,891 Stop Loss at 24,400 Take Profit at 22,589 Risk Reward Ratio = 2.63R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own...
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...