Hello Everyone!
How are you all?
HK50 is an instrument to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on.
So, I will be looking for a bullish continuation because of the following reasons:
1. The overall trend is bullish.
2. The price has formed a continuation structure.
3. The price is approaching the value area structurally.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
HK50 is an instrument to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on.
So, I will be looking for a bullish continuation because of the following reasons:
1. The overall trend is bullish.
2. The price has formed a continuation structure.
3. The price is approaching the value area structurally.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Trade active
Got first entry - risk entry.Second entry could be a 15m flag.
Trade closed manually
At BEStructure still valid.
Trade active
Trade active
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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.
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.