HK50 "Hong Kong" CFD Market Money Heist Plan on Bullish Side.Nǐ hǎo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist HK50 "Hong Kong" CFD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Hongkongforex
Hong Kong50 Hang Seng Short Bears Remain in Controlbearish 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 the Asian markets. The ASX 200 led the way down, with the Hang Seng and the Nikkei also struggling.
The Asian equity markets tracked the US equity markets into the red, with fears of central banks sending the global economy into a recession weighing. Hawkish Fed Chair Powell testimony continued to resonate this morning. Last week’s Bank of England 50-basis point interest rate hike was a reminder of central bank commitments to tame inflation.
Despite softer US private sector PMI numbers on Friday, the markets are still betting on a Fed 25-basis point interest rate hike in July. According to the CME FedWatch Tool, the probability of a 25-basis point July Fed rate hike stood at 71.9% versus 74.4% one week ago.
Significantly, the chances of the Fed lifting rates to 5.75% in September stood at 11.5%, up from 8.9% one week earlier.
Bank stocks also had a mixed morning. HSBC Holdings PLC and The Industrial and Commercial Bank of China (HK:1398) saw losses of 0.33% and 0.24%, respectively, while China Construction Bank (HK: 0939) rose by 0.40%.
Strategy Bearish Short
RSI confirming permanent trend continuation
Bulltraps can be used to sell more and stronger
Trendlines shold be used in 2 ways:
bearish breakout of the trendlines should be sed to new bearish enries or position sizing only.
Bullish breakouts should be used as profit taking or trading the 2nd wave only.
Bullish breakouts are often traps.
Hang Seng Index - Supply & Demand AnalysisRecently Hang Seng Index reversed on a strong monthly Supply Zone finishing it's external bullish cycle
The price decided make an external bearish cycle.. now it's advised to SELL at long term basis.
Next destinations:
A) DEMAND (26908.14 - 26021.63)
Here price need to decide: if reverse in order to back to SUPPLY (32004.32 - 31126.20) OR BREAKOUT , retest and go to next DEMAND (23622.97 - 23204.17)
B) DEMAND (23622.97 - 23204.17)
Final external bearish cycle destination
Enjoy the Profits!
HONG KONG UNDER RESISTANCE AND LOOKS BEARISHHello Traders,
Hong Kong is going through some troubling times right now. To summarize very briefly, Hong Kong has been its own entity for some time with its own legal systems, boarders and rights but due to legal agreements China wants to take back Hong Kong as part of China. This is a crude summary of events.
This is causing friction between Hong Kong and China and there have been violent protests for several months over the current situation. Hong Kong property market is also one of the most expensive in the world.
Due to the current climate of uncertainty and looking at the chart of the Hong Kong top 50, it looks very bearish to me.
Price has dropped out of a large descending triangle, that H+S dumping price to below the major support/resistance level. Price looks like its trying to break resistance but I think with whats going on right now it wont.
Quite simply if the price breaks resistance, holds resistance and moves up then that will make my bearish stance invalid.
But because I am bearish I am looking for weakness here. Repeated failures at resistance means the price will be going lower.
USDHKD formed a bearish BAT pattern | A good short opportunityPriceline of US Dollar / Hong Kong Dollar forex pair has formed a bearish BAT pattern and entered in potential reversal zone.
MACD turned weak bullish from strong bullish.
Stochastic has given bear cross.
I have used Fibonacci sequence to set the targets.
The long position can be taken between 0.382 to 0.786 Fibonacci projection of A to D leg coz we have a strong support of 200 SMA withing that zone however soon i will post a buy back plan soon insha Allah.
Sell between: 7.83560 to 7.84230
Enjoy your profits and regards,
Atif Akbar (moon333)
Forex News: Hong Kong’s 11th Week of ProtestForex News – Hong Kong’s biggest-ever street protest has come to its 11th week, and more are joining the calls for a resolution.
Last week, Hong Kongers took out their money from ATMs. The goal was to prove the city was more than just a cash cow. The movement has further escalated the instability due to the protests. The city’s currency has also suffered.
Meanwhile, US President Donald Trump said that he was “concerned” about the probability of a violent Chinese crackdown. Last week, he seemingly tied up the US-China trade discussions to the HK protests, calling for a humane resolution.
Trump added that he would talk to Chinese President Xi Jinping and urge him to negotiate directly with protesters.
The protests have crippled the city’s currency due to the instability. Such a situation will apparently continue until one of the sides give in.
According to certain reports, China is moving its troops to Hong Kong to intervene. HK police, meanwhile, claimed that their forces were enough without China’s intervention
More on FinanceBrokerage
Correction for ANTA Sports on Hong Kong SharesCorrection for ANTA Sports on Hong Kong Shares
1. A M shape appeared below MA lines on RSI+Avgs indicator.
2. ANTA was moving in the bull range (RSI 40-80) for some time, it's possible that it will remain the trend.
3. A correction from 45HKD to 37HKD is possible.
4. A correction time cycle appears on the chart at around 13, July.
EUR/HKD 1H Chart: Bypasses 100-hour SMA EUR/HKD 1H Chart: Bypasses 100-hour SMA
The common European currency is losing value against the Hong Kong Dollar in a minor descending channel. However, a combined pressure of the 55-, 100- and 200-hour SMAs most probably will lead to dissolution of this pattern already by the end of the day. Once this happens, the pair is expected to enter into a barrier-free zone, which will last up until combined resistance set up by the monthly R1 at 9.2282 and the upper-trend line of a medium-term descending channel. However, there is also an alternative scenario, according to which the exchange rate will remain in the current junior channel due to additional resistance put by the 55-day SMA near the 9.2000 mark. In that case, the rate might postpone the breakout until tomorrow’s release of various EU manufacturing data.