HS50 - 24h expiry - We look to Sell at 19590 (stop at 19790)
Price action has continued to trend strongly higher and has stalled at the previous resistance near 19597.
A Doji style candle has been posted from the high.
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is...
bearish start to the week, with hawkish central banks and growth fears continue weighing on investor sentiment ahead of a busy week.
The theme remained the same, with investor jitters over the economic outlook weighing on investor sentiment.
There were no economic indicators from the region to change the mood.
Market Overview
It was a bearish morning session for...
this is the Decider for hangseng. we really are in the Middle of it. if it holds this level for a week or 2 expect Fire Works coming out of China all way towards 25k-26k. and if this drops below 17k. Sell and Run bcuz it will go back to 12k-14k range
HS50 - 24h expiry - We look to Sell at 19213 (stop at 19373)
We look to trade the current range.
Trading has been mixed and volatile.
Bespoke resistance is located at 19200.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
Our profit targets will be 18813 and 18733
Please be advised that the information presented on TradingView...
It's not a joke. Maybe just a metaphor. I am referring to the little man on the chart and his field of vision. I wasn't feeling in a special in the zone moment when I drew this, in order to expect more than one coincidences on this chart. Maybe this one is enough. End of big bearish candle at the exact end of the yellow line.
I have a question for the little man...
HS50 - 24h expiry - We look to Buy at 19220 (stop at 19060)
We are trading at overbought extremes.
A lower correction is expected.
Posted a Double Bottom formation.
Neckline support is 19217.
Further upside is expected although we prefer to set longs at our bespoke support levels at 19220, resulting in improved risk/reward.
Our profit targets will be 19620...
Trap was there
Key lesson: Degree of sharpness of consolidation moves in and around trap structure affects pullback depth. More sharp reactions --> less pullback depth and vice versa
Ok location
HTF flow didn't align as well
Micro trade management could have been better
Need to get into high confidence backed by reasoning and data mode.
Position Trade - HK50
Monthly:
- MN supply is in control, thus we will look for selling opportunities
Daily:
- A fresh area of supply is found within the monthly supply. Wait for price to retrace to continue to sell
P osition Trade - HK50
- MN TL is broken and is low in the CURVE
- Price is retracing back to MN demand zone which is FRESH; great opportunity to go LONG for swing trading with huge room for profit
However, one thing unsure is if price is strong enough to break WK CP pattern (in green), or will re-test it again before price can dive straight into MN fresh demand...
HS50 - 24h expiry - We look to Sell at 19220 (stop at 19405)
Price action looks to be forming a top.
The 200 day moving average should provide resistance at 19235.
This is negative for sentiment and the downtrend has potential to return.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to sell into rallies close to the...
Allow me to protect my reputation
by saying that you should not
--
buy what i tell you
to buy or sell what i tell you to sell
--
Am not an expert in trading
i just have a high interest
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Please do your own research
--
Now in this video, i explain to you
why its a good time to
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trade USDJPY
also as a BONUS
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in the video, i show you another Forex pair you...
HS50 - 24h expiry - We look to Buy at 19450 (stop at 19250)
We are trading at overbought extremes.
A lower correction is expected.
Short term bias has turned positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 19430 level.
Our...
Risk control mindset check
Trap evidence check
Logical buyer location
In-line with broader trend, no sign of genuine reversal, rollover of pullback and logical target
