HSI futures - false breakout setup a high risk-reward trade
HSI future forms a wedge making me bias to bearish.
Today, it breakouts the previous swing high, EMA50, and a mid-term downward trendline, and immediately drops below, expecting to close as a pinbar.
A classic false breakout setting with 5 conflence factors (also considering the fib retracement, and the long-term resistance).
A 2.5 risk-reward trade will be enter around the close.
Today, it breakouts the previous swing high, EMA50, and a mid-term downward trendline, and immediately drops below, expecting to close as a pinbar.
A classic false breakout setting with 5 conflence factors (also considering the fib retracement, and the long-term resistance).
A 2.5 risk-reward trade will be enter around the close.
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