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China 50 (CNX) / US DollarChina 50 (CNX) / US DollarChina 50 (CNX) / US Dollar

China 50 (CNX) / US Dollar

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CNXUSD trade ideas

CHN50 - SELLSo after last weeks better than expected results for the Chinese economy, the price broke out parabolically of its uptrend. As you can see on the weekly TF, the price is currently at all-time highs and has twice previously been at this level and rejected. I expect there to be some selling pressure at this price point. Always difficult to accurately predict the depth of the pullback, but back towards the top of the trend line seems like a decent target. Look for reversal candles before entering the sell position. All the best
FOREXCOM:CHINA50Short
by Michael_Blurry
What colour is your parachute ?Read article here When compared to YINN , you may think that it does not move as high as CN50 from the look on the chart. Please note that this is leveraged ETF, which is a 3x multiplier on the bull side. YINN is suitable for those who can tolerate a higher amount of risks and this can be used sparingly for short term trades. Currently, the US-CHINA tension is rising so if CN50 falls, so will YINN as well. And that is 3x effect, make sure you can stomach it before attempting. You have been forewarned. When trading, always understand the risks first, not the rewards as the latter can be so tempting (that is what the brokers have to do to earn your money) that you forgot about the risks. It is good to be optimistic, confident and getting into action but do it slowly not abruptly.
CLong
by dchua1969
Time to go all in for China A shares ?Read positive news here and here I am of the opinion dips are for further accumulation as I am bullish on China story for the long term. But I won't recommend going all in or show hands with China A shares. There are still many unknown factors in the market , Q2 GDP data, unemployment in China, business activities , US-China trade war, Huawei saga, investigation of China on independent Covid-19 virus spread, etc. So, do diversify your risks , calculate your position sizing, always have a Stop Loss and manage your positions, not taking for granted things will go the way you want. Have contingencies. Of course, the longer your time frame of holding , the less concerned you are with the daily volatility.
CLong
by dchua1969
Potential Buy on China50 IndexWhat we saw was price breaking a short downtrend with a lot of aggression After the break we came across a solid supply zone which we couldnt overcome because the bullish momentum on the zone was really high, so price rallied back down to our previous demand zone where it shot from Price has been failing to break this zone, which can be an indication that theres a reasonable amount of bullish pressure being injected from this zone, and we can anticipate a move to the upside Be cautious also of the fact that if the zone can break then we can anticipated strong bearish moment, so protect your account with a tight SL
OANDA:CN50USDLong
by MacDannie01
CHINA50 Potential Bearish Movement - setup formingCHINA50 Potential Bearish Movement - setup forming we are waiting for a momentum candle close below the last swing that touches the lower blue trendline to sell this one Reason: 1- Regular Bearish Divergence on MACD (in red) 2- Objective Channel pattern (in blue) 3- Resistance / Supply zone from Daily Three confluences are enough to consider Selling CHINA50, after a momentum candle close below the last swing touching the lower blue trendline (in gray) *meanwhile, this pair is overall bullish until the sell setup is activated
CShort
by TheSignalyst
GET READY! China 50 in trouble - 2nd wave of virus! 😨😲You've been told! Get ready. There is trouble in this heading south more likely, than not! Reliable sources in non-mainstream media are picking up the second wave of a virus outbreak in China. This is not fake news! The re-opening (or partial re-opening) was actually fake news. Facilities were actually being built to accommodate more sick and dying people. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
CShort
by Captain_Walker