Daily Chart: Price closed above Kijun.
Within the next few days, a bullish bias is expected.
M30: Long re-entry opportunity.
Buy conditions:
1) Chikou > price
2) All Ichimoku signs are bullish
3) Tenkan + Kijun + SSA + SSB + 200 EMA are all pointing upwards
4) Price > 200 EMA
OANDA:HK33HKD
2021 Aug 02 Week
Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar.
Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision.
Price bounced off Monthly channel demand line.
Daily: Shakeout + Reversal =...
Analysis Forecast:
OANDA:HK33HKD Trading at Key Support.
Supporting Technical Observations:
1. Price trades at High Volume Node & Fibo 61.80% (Golden Ratio).
2. Volume and Fund Flow Index (FFI) displayed climactic supply.
Stop Loss
If index breaks below 24,800, expect further mark down.
The hongkong index has been choppy, partly because of the number of holidays it has witnessed in May. As per my analysis, it is bullish for the first 15 days of June. Potential Target of 15 Points.
View On Hong Kong Stock Index (12 Mar 2021)
We are seeing some strength coming back in the HK and it will use 28,000~28,750 as support region.
Once the current resistant of 29400~29500 is broken, it shall rise a lot higher.
29,750~30,000 will be the next.
Cheers.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk,...
View On Hong Kong Stock Index (26 Jan 2020)
I expect 29,800 ~ 30,200 will be a strong resistant for now.
So, we can expect some pullback or sort. No hurry to buy in for now.
29,000 will be a good support.
Cheers.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high...
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...
