HK50 - Trade with cautious
Yesterday, Unfortunately, it did not drive up as much as I expected to be. The daily actually close right at resistance level of 17106. Overall, I am still bullish for the week, eyeing at least 17400 level.
Trade idea for today, the reason I mentioned to trade with cautious is because it closes right at resistance level. There is a possibility of a gap open to the down side before it drives back up. Thus, I will wait for at least the first hour candle to close above that level before entering the buy
Trade idea for today, the reason I mentioned to trade with cautious is because it closes right at resistance level. There is a possibility of a gap open to the down side before it drives back up. Thus, I will wait for at least the first hour candle to close above that level before entering the buy
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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.