HK50 SHORT POTENTIAL OPPORTUNITY
Hello Everyone!
How are you all?
Hk50 is an instrument to watch, because it is shaping up very nicely for a bearish trend continuation.
So, I will be looking for a bearish continuation because of the following reasons:
1. The short term trend is bearish.
2. The price has formed a continuation structure and it is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the high, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell 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, because it is shaping up very nicely for a bearish trend continuation.
So, I will be looking for a bearish continuation because of the following reasons:
1. The short term trend is bearish.
2. The price has formed a continuation structure and it is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the high, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Note
The price has retraced, waiting for the 15 flag to form.Trade active
Trade closed: target reached
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.
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.