Hong Kong 50 Index

Long

Updated

A Glimpse of Optimism for Chinese Stocks

Fundamentals & Sentiment

HK50:
- Swap program aimed at supporting the stock market
- NBS PMIs Beat

USD:
- Risks: Upcoming Elections

Technical & Other

Setup: S(RTF)
Setup timeframe: 1h
Trigger: 15m
Medium-term: Range
Long-term: Up
Min target: Local high
Stop loss: 0.68%
Position size: 0.5 of the normal Risk Unit

Trade closed: stop reached

-1R

Trade active

Reentered

Trade closed: stop reached

-1R; ChinaA50 wasn't going up either - not the best environment to look for the rebound on optimism. I was also impatient with the trigger: entered, though it hasn't reliably closed above the DMA(10). Unnecessary trade.

Also on:

Also on:

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