CN50/USD ShortRisky one since all indexes are going up, but the price is showing signs of exaustion and giving room for a retracement with attractive RR.
Whatching close for any opportunity being unfold
CNXUSD trade ideas
China´s turn - Will we see a good year ? i think its china´s turn in 2020
but lets start it with a swing to ATH resistance
The MA 50/100 is very stable
RSI is 56,5 ( perfect )
Broke and closed over resistance line yesterday
Open trade : 14438
Set TP at : 14830
Set SL at : 14330
Risk reward : 3.83
Disclaimer :
I have this stock my self
Remember always to do your own analysis
This is NOT an investment advice
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.
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.
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
expect the big fall, CN50USDOANDA:CN50USD
at D time fame, current the time duration already go through and consumed so many days and could be recognize as wave 5, then the ABC should coming
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.
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.
Long China IndexLong on trend retracement. there will be some big news on the weekend so I might close this trade by COB Friday..
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
expect the big drop without doubt CN50USDOANDA:CN50USD
currently being in the platform range, there are 4-5 heads already, a big drop/short with break left low is expected in sooner.
China50 finished retracement? China50 finished retracement?
It's very important since here is the dalily support.
if not lower than 13500, we buy.
Time: 9th of Dec.
CN50USD expect 4H/D level up correctionOANDA:CN50USD
after this big drop, 4H/D time fame correction will coming
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.
China A50 H&SRSI divergence. Neckline at 13800 round number. With risk-off news from yesterday, the break is likely. Once it breaks, the US and Europe indices should continue lower as well.
Good Luck!
