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
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