CN50 to find buyers at previous swing low?CHN50 - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Pivot support is at 13000.
Risk/Reward would be poor to call a buy from current levels.
A move through 13500 will confirm the bullish momentum.
The measured move target is 14250.
We look to Buy at 13000 (stop at 12680)
Our profit targets will be 13800 and 14050
Resistance: 13500 / 14000 / 14250
Support: 13250 / 13000 / 12750
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Cn50usdlong
Buying CN50 at trend of higher lows.CHN50 - 24h expiry - We look to Buy at 13540 (stop at 13470)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The trend of higher lows is located at 13455.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Our profit targets will be 13740 and 14235
Resistance: 14235 / 15080 / 16150
Support: 13110 / 12645 / 12070
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High Risk CN50USD $CN50USD Initial LongThis is likely a bad trade since it wicked TP1 before entry. High Risk CN50USD $CN50USD Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: CN50USD is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
CN50USD Buy Entry - D1 Daily ChartCN50USD - China A50 - Buy Entry - D1 Daily Chart
Buy @ Current Market Price
Stop Loss @ 0.5% to 1% of your Account Balance
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