HSI 7% range move with buy low and sell high pattern!
Hello everyone. Hong Seng index has been sideways for a while influenced by the joint forces of US and China markets.
From the daily chart, the 7% range will be held firmly from some time. I would adopt a buy low and sell high trading strategy.
Strategy works until it doesn't. My trade plan is as below:
1. the upper zone being violated: buy the pullback with target set around previous high around 31000
2. the bottom zone being violated: exit and look for buying opportunities around 25000.
Stay safe and trade safe.
From the daily chart, the 7% range will be held firmly from some time. I would adopt a buy low and sell high trading strategy.
Strategy works until it doesn't. My trade plan is as below:
1. the upper zone being violated: buy the pullback with target set around previous high around 31000
2. the bottom zone being violated: exit and look for buying opportunities around 25000.
Stay safe and trade safe.
Comment:
Alright. My zone works.
plan your trade and trade your plan
