LONG - HK50 (WK and D) (25 May 2023)
Updated
Position Trade - HK50
- MN TL is broken and is low in the CURVE
- Price is retracing back to MN demand zone which is FRESH; great opportunity to go LONG for swing trading with huge room for profit
However, one thing unsure is if price is strong enough to break WK CP pattern (in green), or will re-test it again before price can dive straight into MN fresh demand zone
If not, there are 2 potential long term profitable trades as the MN demand FRESH zone is too delicious to miss~
WK Demand Trade/s
- SET & FORGET at WK Demand zone
Daily Demand Trades/s
- SET & FORGET at Demand zones
---2 potential zones (1 shallower price point, 1 deeper price point)
Pending orders at WK and Daily are set
- MN TL is broken and is low in the CURVE
- Price is retracing back to MN demand zone which is FRESH; great opportunity to go LONG for swing trading with huge room for profit
However, one thing unsure is if price is strong enough to break WK CP pattern (in green), or will re-test it again before price can dive straight into MN fresh demand zone
If not, there are 2 potential long term profitable trades as the MN demand FRESH zone is too delicious to miss~
WK Demand Trade/s
- SET & FORGET at WK Demand zone
Daily Demand Trades/s
- SET & FORGET at Demand zones
---2 potential zones (1 shallower price point, 1 deeper price point)
Pending orders at WK and Daily are set
Note
Price is reaching the fresh WK Demand level. Expecting it to be triggered next week.Note
Price is also reaching the D1 Demand level. Expecting the 2 pending BUY limit orders to be triggered next week.Note
Note
A MN BUY limit order has been placed on 9 Jun 2023Note
Orders did not get triggered. A new analysis will be done.
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