We had a very good trade on HKG33 last month, and now it's giving us another opportunity for a good risk to reward trade.
After hitting our previous target (22600) it made a double bottom pattern and broke back above the previous resistance
(23500 ish) and it seems like its holding above it and regained it as support.
this setup provides a 4R trade to take.
After hitting our previous target (22600) it made a double bottom pattern and broke back above the previous resistance
(23500 ish) and it seems like its holding above it and regained it as support.
this setup provides a 4R trade to take.
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previous trade idea on HK33.Note
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price is at the mid-range and up 2R since entry. not a bad place to bank some profit and let the rest run to the target.
:)
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I consider it a hit, scaling out of this position.Trade closed: target reached
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+4R
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.