With the spread of coronavirus rapidly, Shanghai composite index slumped a lot today. However, the plunge of the index brings us a chance to buy at a lower price. Hence, we can enter the trade by holding some relative ETFs. For HS 300 ETF, 1.55 is the reasonable price I'm concerning.
For instance: AIP
After Trump tried to ease the tension, the S&P index rallied a lot. NASDAQ 100 index reached all time high at first followed by S&P.
Hence, it's one of my most favourite trade, and it's the same to trade the inside bar in NASDAQ 100. If there's no more inside bar in 4hr chart, or it breaks down, cancel the order.
After several slumping days, AUDUSD reached the daily 618 point, which is confirmed by a daily Demand zone and a pinbar in 4hr chart, serving this trading plan as a reversal signal.
Therefore, I would like to take some risk to open a trade with SL set below 0.6837, aiming 0.6925 and 0.6990
Plan A: If the price hits 0.618 before the next candle appeared, set a long position
Plan B: If Plan A is not triggered but an inside bar forms instead, long OIL as soon as it breaks up.
If the inside bar breaks down, cancel all trade plans.