Potential Short for HKXHKD
Updated
The 
HKXHKD prices had been consolidating for quite a while and not creating any higher highs (HHs). Yesterday was a good setup to short after the compression was done, but I failed to catch it.
This morning, I saw another good opportunity to short with a condition that the price will close at 24,190 area.
Here is my personal trade opinion:
Sell Stop at 24,190
Stop Loss at 25,000
Take Profit at 23,125
Risk Reward Ratio = 1.35R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
HKXHKD prices had been consolidating for quite a while and not creating any higher highs (HHs). Yesterday was a good setup to short after the compression was done, but I failed to catch it.This morning, I saw another good opportunity to short with a condition that the price will close at 24,190 area.
Here is my personal trade opinion:
Sell Stop at 24,190
Stop Loss at 25,000
Take Profit at 23,125
Risk Reward Ratio = 1.35R
Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Trade active
Sell Stop is triggered.Note
Reduce SL to 24,700 as there is a confirmation that the price will go even lower.Note
Lower your SL again in the profit area at 24,000Now we are riding the wave with no risk at all.
- SatayFX
Trade closed: target reached
Nice !! Hit the target and bounce.
Disclaimer
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