CN50USD - 24h expiry The trend of higher lows is located at 11800. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 12800 will confirm the bullish momentum. The measured move target is 12900. We look to Buy at 12650 (stop at 12550) Our profit targets will be 12900 and 12950 Resistance: 12800 / 12850...
CHN50 - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. The primary trend remains bearish. Short term momentum is bearish. We look for losses to be extended today. A break of the recent low at 11356 should result in a further move lower. We look to Sell a break of 11345 (stop at 11465) Our profit targets will be 11045...
I don't usually trade CHINA50, when it comes to China I prefer HK50, but this is an interesting set up/amazing buying opportunity: - RSI is very low - 29 on daily chart, RSI was 24 few days ago. - 11000-11100 is a strong support level. Even in March 2020 the index found support at 11500 - I'm aware of economic situation, but I still believe that recession will hit...
CHN50 - 22h expiry - We look to Sell at 13310 (stop at 13445) Buying pressure from 12917 resulted in prices rejecting the dip. The current move higher is expected to continue. Previous resistance located at 13304. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is...
Prices are on bullish momentum. We see the potential for further bullish continuation from our Buy entry at 13591.92 in line with 61.8% Fibonacci Projection towards our Take Profit at 14275.13 which is an area of Fibonacci confluences. Prices are trading above our ichimoku clouds, further supporting our bullish bias. Any opinions, news, research, analyses,...
CHN50 has a possibility of testing both of our Vertical and Horizontal Support before the Uptrend channel could continue its a matter of few days before we could see a trend continuation
SNIPER STRATEGY AGAIN CHN50 Daily Timeframe It will not predict pullbacks but if you will be patient it will reward you with huge profits Start Believing and stay tuned