Page 3 | Zentradingstrategy — Trading Ideas on TradingView

HSI significant pull back! FX:HKG33 Look at 1H chart movement together with the MACD & KDJ indicator, the histogram for MACD line & signal line is getting weaker (you can see both indicators curve seems lower than the previous wave). We should monitor. marked the time zone where the index turned bearish for the 1H chart. There was no re-entry position as trading in Asia time zone. The significant pull-back continues when market re-open here. It's 10% pull back this morning. Well, this is a good chance to look at for a better re-entry level. However, we should be cautious to avoid catching falling knives 🗡 what we see from the 1H chart MACD & KDJ both are on the downtrend level/bearish red zone. However, we can look at the support level at 21580. If the index stays above this level then the uptrend is still intact. Otherwise, we could expect a more significant pull-back (cross-check with longer tf chart 4H,8H). For shorter 1H tf swing trade check the 8H Chart for support/resistance level Find support level at 21500-21700 and resistance level 22000 -22300 It has been climbing too fast and taking a break now. Personal POV, prefer the movement slow and steady forming a stable staircase; more sustainable. Happy trading everyone! A pull-back is healthy for taking a breather.

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Narrow Escape! Trust what you trust.FX:HKG33 Entered too early before the pullback. Has to hold over the trading closed day. Was intended to SL the positions if the downtrend continue. However, the market reopen with strong bullish volume. The short time frame (tf) turned uptrend and the index gap-up. However, the MACD + KDJ showing uptrend for 1H chart. Hence, decided to continued to hold the position. ∴ Continue bullish for HSI based on W chart and try to look at Long position for 1-3 weeks tf. This ain't a get-rich-quick scheme, folks. We're just here to chat, not make deals. Disclaimer: The information provided here is not a recommendation to buy or sell any particular financial instrument. Individual circumstances and risk tolerance should be considered when making investment choices."

BTCUSD Short breakout setup - 1HR As I mentioned in the previous bitcoin post, my confidence of this move continuing upwards is dwindling. The longer we move sideways, the more likely it becomes that the direction of the next move is down rather than up. We had 2 failed bullish setups, which indicates that Bitcoin doesn't really feel like turning bullish just yet Currently we’re stuck between the red multiple timeframe support and resistance levels. If we break below the support at 3520 I’m ready to enter short slightly below that level as long as the indicator shows me the short setup. The next level of MTFA support is at 3390. Take (partial) profits here and tighten the stop. Of course it is possible that we break upwards, or move sideways for another few days, this is Bitcoin after all.. If the bearish setup disappears the trade should be canceled promptly, no need to take unnecessary risk here. The 4HR chart is the only timeframe still in bullish territory, but as we reach the breakout level the 4HR will move into bearish territory too. All timeframes will be bearish again if/when that happens. The CMF has gone negative on the 4HR as price was rejected from the MTFA resistance crosses, indicating that buying pressure has died out. The daily doesn't provide any new or useful information, still in a bearish posture here. the RSX (a smoothed non lagging version of the RSI) has been rejected form the 70 level, failing to reach the overbought level. If you find this useful, like and subscribe to get notified of updates and new ideas If you want to tryout the indicators and strategy, follow and pm me and I’ll get you set up. Stay calm, and happy trading!