CHINA50 trade ideas
Selling CHINA50 into trend of higher highs.CHN50 - 22h expiry - We look to Sell at 13310 (stop at 13445)
Buying pressure from 12917 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 13304.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 12920 and 12660
Resistance: 13140 / 13615 / 14200
Support: 12660 / 12075 / 11120
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Buying CN50 at market.CHN50 - Intraday - We look to Buy at 13100 (stop at 13023)
Buying pressure from 13009 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
Weekly pivot is at 13101.
Further upside is expected although we prefer to buy into dips close to the 13100 level.
Our profit targets will be 13320 and 13390
Resistance: 13615 / 14200 / 15155
Support: 12660 / 12075 / 11120
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
ChinaA50 - Bias for higher levels.CHN50 - Intraday - We look to Buy at 12540 (stop at 12380)
Selling pressure from 13067 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We, therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 13005 and 13140
Resistance: 13140 / 13615 / 14200
Support: 12660 / 12075 / 11120
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
China A50 set for a corrective bounce?The China A50 has rallied over 13% since the October low and has since retraced to the 61.8% Fibonacci level. An elongated bullish Pinbar formed yesterday which shows strong demand around the bullish engulfing candle and marking a potential swing low within a bullish retracement channel. We are now looking for a break above 12,350 to assume bullish continuation and a move back towards the 13,000 resistance zone.
This could be the final move of a 3-wave correction, before it reverts to its bearish trend.
Selling CN50 into rallies.CHN50 - 21h expiry - We look to Sell at 12765 (stop at 13010)
Buying pressure from 12189 resulted in prices rejecting the dip.
The current move higher is expected to continue. Trading within a Bullish Channel formation.
Our expectation now is for this swing higher to continue towards the top of the trend channel, to complete a correction before sellers return.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 12065 and 11120
Resistance: 12660 / 13140 / 13610
Support: 12075 / 11120 / 10490
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling CN50 previous support.CHN50 - 21h expiry - We look to Sell at 12340 (stop at 12570)
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 back lower.
Our profit targets will be 11685 and 11485
Resistance: 12270 / 12950 / 13370
Support: 11485 / 11000 / 10490
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
China A50 index to fall below the 500-week moving average?China A50 index ( CN50 ), a measure of the Chinese onshore market that keeps track of 50 of the biggest Chinese A-share companies listed on the Shenzhen and Shanghai stock exchanges, broke a major upward trend that had been in place since 2016.
The technical picture sees the A50 index currently dominated by a descending channel pattern, having fallen 42% from its peak in February 2021, with prices now approaching a remarkable 500-week moving average.
Given the slowdown in the Chinese economy caused by the government's Zero covid policy, the downward trend in Chinese stocks has been ongoing for a while. However, the most recent sell-off has been triggered by a crumbling confidence among foreign investors as a result of Xi Jinping's reelection as president for a third term and a leadership reshuffle within the Politburo Standing Committee during the 20th National Congress.
The A50 index may not have reached its bottom yet, if the Zero-Covid policy and growing doubts about the new policymakers' plans for the country's economic future continue to dampen Chinese growth prospects. Even though the weekly RSI is beginning to exhibit extremely oversold conditions, which is extremely unusual for this market and hasn't happened since August 2011, bears still have total control over the index. But, given the wild price swings of the past few days, some technical and short-term price bounces could still happen.
The psychological 11,000 point level, which is down 7% from here, and the 10,200 point level, which was the low of January 2019 (down 14% from here), provide the next significant supports. The A50 will have dropped 50% from its peak if it reaches levels from January 2019, which might encourage some dip buying there.
STRUCTURE - The key to success!STRUCTURING - The key to success! (Part 1)
That structuring and order is the key to success, most will have already heard and partially applied in their own lives.
- Chart analysis is no exception and after correct application the results are even monetarily noticeable.
- How this can be implemented specifically in "TradingView", I present to you in this article.
TABLE OF CONTENTS
1st Part = THE PROBLEM
2nd Part = THE SOLUTION
3rd Part = CONCLUSION
PART 1 = THE PROBLEM
"EVERYONE WILL KNOW THE EXPERIENCE,
TO HAVE SET A TRADE, TO BE SURE OF VICTORY,
ONLY TO BE MERCILESSLY STOPPED OUT."
In hindsight, you analyze your failed trade and realize that in another "Time Frame" an important support/resistance level was below/above your "Stop Loss" and the "Trade Idea" was already - BEFORE - INVALIDATED.
-> So one could have saved the "LOSS".
Most of us will analyze several "Time Frames" to know - which levels are strong/weak and relevant.
-> Regardless of the preferred "Time Frame", one will include the next larger/smaller "Time Frames" in one's analysis.
-> The more "Time Frames" you analyze and include in your final decision, the more confusing it gets.
-> The chart looks like a battlefield and the probability to make a profitable decision diminishes - significantly.
The time spent to put together the individual pieces of the puzzle to the big whole is no longer presentable.
= Headaches and a bad decision are pre-programmed.
To avoid this problem and to make the "Multi-Time-Frame" analysis as effective as possible. I have tested the possibilities provided by "TradingView" and worked out solutions that work for me.
-> I will present these in the following posts to inspire you and possibly provide a solution for an already existing problem.
The benefits of a working structure are:
"LONG-TERM TIME SAVINGS" + "SIGNIFICANTLY BETTER DECISIONS".
2. PART = THE SOLUTION
2.1. INTEGRATION OF THE OBJECT TREE
The platform provides an "element" overview - of all objects drawn in.
-> this option is an excellent way to structure all the objects located in the chart.
- If you haven't used this option before, you will probably belong to the majority.
- Unfortunately, this tool has not been sufficiently promoted by "TradingView", which is why it is unknown to many.
You can find the "Object tree" on the right side, at the very bottom. (Image 1)
If you have never used / structured the object tree before, it will look similar to our "UN-ORDERLY" example. (Image 2)
In the third image, you can see how it can be once you take the time to add order. (Image 3)
To get an overview, you can sort the drawn objects into groups and label them, depending on your own preference / structure.
- This works with a simple right click on the object (e.g. Fib-Retracement).
- There is then the selection "CREATE A GROUP OF DRAWINGS".
Once several groups have been created, you may need a placeholder.
Any is not provided by the program, but can be easily created yourself.
= Simply draw a point with the BRUSH tool.
-> switch off all Time Frames at Visibility
-> create own folder for this point with e.g. "- - - - - - -".
3. PART = CONCLUSION
With a little effort, order and structure can be provided here in the "much" edited charts.
How you want to set up this structure is entirely up to you. In case you need a little inspiration, you can take the one I created.
- - - - - - - - - - - - - - -
IDT - Supply&Demand
IDT - Fibonacci
IDT - Trendlines
IDT - Point of interest
IDT - Market Structure Break
- - - - - - - - - - - - - - -
HTF - Supply&Demand
HTF - Fibonacci
HTF - Trendlines
HTF - Point of interest
HTF - Market Structure Break
HTF – Volume level
- - - - - - - - - - - - - - -
LONG IDEA
SHORT IDEA
- - - - - - - - - - - - - - -
IDT = Intraday
HTF = Higher Time Frame
If this idea and explanation has added value to you, I would be very happy about a review of the idea.
Thank you and happy trading!
China50 Ready to Fall to 13000Multi Timeframe Analysis
Hint: A massive bearish order block at 13362 is being statisfied. Price will then crash to to a fibonacci level
China50's recent surge is ending. We see price's bullish run hit a massive bearish order block and wicks are freebly forming
Medium term bearish Narrative:
1. Bearish institutional order block now satisfied. Price gravitates to such market imbalances. Drop is inevitable to one of the fibonacci levels.
2. Bullish order block at 12712 awaits satisfaction
2. Bearish divergence signals on the daily and 4H
3. TDI calling for retrace
4. Overbought on daily and volume flow in extremes.
5. Price is wicking up, signifying diffculty to ascend further.
Await a confluence signifying a drop, then take a satisfying short
Remember: life often disrespects charts so trade with caution
------
Market order position upon the confluence of valid entry rules on the 4H or 1H chart.
-=ENTRY RULES=-
Trading philosophy: Don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe
For ORDER BLOCK trades
When price reaches a bearish or bullish orderblock, ascertain the price reversal by means of
1. Dojis
2. Morning/evening stars
3. Several wicks.
4. Engulfing candles or three white soldiers in the opposite direction
5. Marbouzou in the opposite direction.
6. Break of trendline or fast EMAs
For SHORT:
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line
For LONG:
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line
Divergences:
The 4H, 8H and 12H chart can reveal hidden divergences on the RSI , MACD , Money Flow Index, CMFI, On Balance Volume and Stochastics. When one or more divergences manifest- be ready. Trend reversal is coming. My best practice is to wait for at least an RSI divergence on the 4H, then drop to M15 to see price shifting with a 50EMA aligned with the 4H divergence.
About me
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow ( COT data).
High Risk CN50USD $CN50USD Initial LongThis is likely a bad trade since it wicked TP1 before entry. High Risk CN50USD $CN50USD Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: CN50USD is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
China50 finds support after posting double bottom CHN50 - Intraday - We look to Buy at 13545 (stop at 13430)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The 50-day moving average should provide support at 13580. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 13880 and 14470
Resistance: 13710 / 14470 / 15155
Support: 12950 / 12270 / 11485
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Jamie Gun2Head Trade - Selling China50 Trade Idea: Selling China50
Reasoning: Reaction from major support level . Interim support at 1713 in front of FED meeting later today.
Entry Level: 13943
Take Profit Level: 13630
Stop Loss: 14078
Risk/Reward: 2.32:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.