HS50 - 24h expiry Selling posted in Asia. Short term bias is bullish. Price action looks to be forming a bottom. Preferred trade is to buy on dips. Weekly pivot is at 17348. We look to Buy at 17350 (stop at 17190) Our profit targets will be 17750 and 17850 Resistance: 17870 / 18600 / 19780 Support: 17285 / 16695 / 15860 Risk Disclaimer The trade ideas...
Hang Seng Index is pulling back to breakout level in the next few weeks, followed by rally.
Buying at demand. HK33 has pulled back on the higher timeframes, looking for some demand to come into the market in London session.
Rising demand for HK33HKD over several days on the Daily Time Frame based on the 6EMA. I bought HK33HKD on both my FTMO 10K Challenge Phase One and on my Oanda Main Account. Discount offered by seller at 6EMA on 4H Time Frame. Initial SL set is wide, because I want to give myself more time if I am losing, to decide if I want to exit for a small loss or win...
HK33HKD - 24h expiration Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Trend line support is located at 16530. Preferred trade is to buy on dips. Trading within a Corrective Channel formation. Risk/Reward would be poor to call a buy from current levels. 50 4hour EMA is at 16720....
HK33HKD - 24h expiry Previous support level of 16014 broken. This is negative for sentiment and the downtrend has potential to return. We look for a temporary move higher. Preferred trade is to sell into rallies. Further downside is expected although we prefer to sell into rallies close to the 16015 level. We look to Sell at 16015 (stop at 16195) Our...
The HK50 index has been on a downward trend for the past 7 days, but today we witnessed a significant rebound, marking a potential shift in its trajectory. As a trading professional, I will provide you with a detailed technical analysis update on the HK50 chart. Technically, the index has successfully surpassed the resistance level at 17,138 on the hourly chart....
HS50 - 24h expiry Previous support level of 17587 broken. Short term bias has turned negative. The hourly chart technicals suggests further upside before the downtrend returns. The 200 day moving average should provide resistance at 17845. Preferred trade is to sell into rallies. We look to Sell at 17800 (stop at 17960) Our profit targets will be 17400...
HS50 - 24h expiry - We look to Sell at 18100 (stop at 18300) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
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...
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...
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...
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...
HS50 - 24h expiry - We look to Sell at 19469 (stop at 19619) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. The 200 day moving average should provide resistance at 19458. This is negative for short term sentiment and we look to set shorts at good risk/reward levels...
HS50 - 24h expiry - We look to Sell at 19995 (stop at 20155) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The Ichimoku cloud and 200-day moving average provide further resistance and we look to set shorts in early trade to capture this selling opportunity. The weekly pivot is at 20000. The hourly chart...
HS50 - 24h expiry - We look to Sell at 20305 (stop at 20425) We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Further downside is expected although we prefer to sell into rallies close to the...
HS50 - 24h expiry - We look to Buy at 20260 (stop at 20090) Selling pressure from 20753 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Short term bias is mildly bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected...
HS50 - 24h expiry - We look to Sell a break of 20150 (stop at 20455) Previous support located at 20250. Previous resistance located at 20500. Price action has stalled at good resistance levels and currently trades just below here (20600). We expect a reversal in this move. A move through 20150 will confirm the bearish momentum. Our profit targets will be...