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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

CN50 longterm trendline resisting strongly on Coronavirus fearChinese indexes, Hang Seng Index ( TVC:HSI ) and Strait Times Index ( TVC:STI ) have been tumbling today on fear of Coronavirus spreading to other parts of China and more countries. We are reminded of SARS in 2003. The Wuhan flu virus belongs to the same family of coronaviruses that causes SARS, which killed nearly 800 people globally during a 2002-2003 outbreak that also started in China. Technicals in CN50 do not look good initially already. With possibility of coronavirus outspread, this might add to more bearish bias.
OANDA:CN50USDShort
by appy
Do you know your trading style ?According to psychologists in the 1920s, there are 3 different ways that people learn. 1)Visual: a visually-dominant learner absorbs and retains information better when it is presented in, for example, pictures, diagrams and charts . 2)Auditory: an auditory-dominant learner prefers listening to what is being presented. He or she responds best to voices , for example, in a lecture or group discussion. Hearing his own voice repeating something back to a tutor or trainer is also helpful. 3)Kinesthetic: a kinesthetic-dominant learner prefers a physical experience . She likes a "hands-on" approach and responds well to being able to touch or feel an object or learning While we may have a combination of all 3 styles, there is one style that stands out, that dominates amongst the three. I classify myself more of a VK learner as I like to plot chart and prefer hands on approach (ie. live trading to gain the understanding). I would classify Auditory as someone who prefers podcasts rather than videos as the latter consists of both visual and audio involved. So, if you like watching youtube channels on trading, ask yourself do you need to see what the author is showing you or are you comfortable just listening to the content . When you understand your own style over time, you can better choose the right resources to back up your learning. Also, it helps you to better formulate your ideas to others as well. Hope this is helpful. Trade safely. GBU.
OANDA:CN50USDLong
by dchua1969
China 50 is at a point of major resistance - 3 times in 5 years Confluence Weekly - At a major point of resistance Daily - False breakout of a ascending triangle formation Daily - Forming of three black crows 4hours - Double Top Concerns Whether this down move is a part of re-tracement before heading upwards or a breakdown confirmation on the false breakout? Trading Entry Regarding this concern, I will trade on the breakdown of the double bottom and take a lower RtoR ratio of 1.38 instead of 1.99 and if the market happens to break down on this formation, good for us, we will ride it down. Take 50% risk off when price hits the lower bound of ascending triangle formation. Entry: 14285.2 Stop: 14735.4 First profit target: 13665.8 Risk to Reward: 1.38
OANDA:CN50USDShort
by domthenic
Institutional Supply for the CHN50Dear Traders, Due to demand, I'll upload a few chart ideas beyond the forex markets. Besides the previous post about the DAX, the CHN50 is also looking good for a weekly pullback from Weekly and Daily Supply, both breaking a clean bullish trend to the downside. The same gameplan is used as for the DAX, which is to show patience and see price-action move a bit higher towards the end of the week before a solid correction in the start of the new year. The Daily chart can be used nicely to spot reversal zones inside of this weekly supply zone, besides that the intra-day charts such as the 1hour and 4hour chart will be applied to create a full breakdown for the CHN50. Have a good one.
FOREXCOM:CHINA50Short
by newcapitalfx
Flood Gate is Open NowThere are still some uncertainty over US - China trade agreement especially in intellectual property, technology transfer and the human rights issue in Hong Kong. These are challenges that would take a longer time to iron out but eventually some form of agreement would be reached, imo. As seen on the 4H chart, price action is on a bullish trend with minor correction on the way. This would be opportunity for buyers who missed earlier. 1. It breaks out of 14099 resistance level and continue to charge higher. 2. It corrects towards the bullish trend line (green) and then rebound. Note - if price breaks down the bullish trend line, buying ceases till we examine the price action further. Though this can possibly happen but I doubt the probability of it happening now.
OANDA:CN50USDLong
by dchua1969
Too big to fail - CN50www.caixinglobal.com Billions of dollars will start to flow into this index , allowing more foreign investors to participate in it. This is good news for all as news of China opening up its capital market is moving in leaps and bounds. Some of us may missed the bottom when it was at 10,000 in 2018 but no point crying over spilt milk. If the weekly top at 14,835 is to be hit again and beyond, then, that is another 800+ points to profit from. See you at the TOP
OANDA:CN50USDLong
by dchua1969
China 50 Reversal PatternThe daily chart of the China 50 gave us a reversal trigger on a Friday. Going forward this week would ideally like to see how the market opens to see if it can give us a pullback. The market structure is apparent. Higher lows and higher highs. We hit a resistance and from here the higher lows (uptrend) began to weaken. From here, we created and confirmed our first lower high with the break of the neckline on the head and shoulders pattern. I would watch to see how price reacts at the 13400 zone, but main target would be 13000.
FOREXCOM:CHINA50Short
by Uncharted-FX
China A50 - pushing towards key support levelsLong OANDA:CN50USD , Like I mentioned in my previous posts, price has formed a higher high and is on its way to test the support levels, as per the trend line. Price hit the support line and closed higher! Look at the RSI. key is to look at price making higher moves and change in RSI back upwards after finding support in the Green zone (in the center) IF the RSI support is breached, then look for other time frames, as price could be indicating break in upward trend that's been forming. Watch out for this space for more action, day to day! Please share a thumbs up if you like what you see and share a comment on this! Cheers
OANDA:CN50USDLong
by LoveForCharts