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Hk50long

HK50 Index Intraday Technical AnalysisHong Kong 50 index continued its downtrend during the hongkong / shanghai session. The HK50 index is trying to find support between 20700 and 20500. My idea is entry at 20500 and 20700 after confirmation of support and my goal will be the resistance of 21000. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics #HK50 #HongKongStockExchange #CashIndices
PEPPERSTONE:HK50Long
by JBShark
HK50 Returns To Bullish ChannelThe HK50 has managed to returned to the bottom of its bullish channel that was created on the 1hr/4hr time frame. This kind of price rejection on the downside is positive for the bulls, and the possibility for a continuation on the upside is very likely at this point. We are approaching the end of the year, and we are approaching Thanksgiving. Market participants tend to be more optimistic around these times of year, and with risk off sentiments dwindling, the possibility for the HK50 to create another high is very high. This kind of play would present itself to have a very high risk:reward ratio, and it is a play I am most certainly playing. Stop loss is below the bullish channel and target is at the last high.
HLong
by ExpandYourMind