HSI performance with the 47th president inaguration PEPPERSTONE:HK50
HSI:HSI
Hello everyone! CNY is around the corner, am about to off for celebration.
Hope who celebrate CNY enjoy and welcoming the new wood snake 🐍 coming.
Is gonna to be a challenging and fascinating year to both West and East.
The trade plan.
Look at the 4H chart.
Both MACD & KDJ are arcing again (MACD still within the bearish zone, below zero level)
MACD is at bullish zone but fast line curving down.
KDJ at overbought zone and curving down and turned into red zone indicate Bearish.
Cross-checked with broader tf chart - D chart.
KDJ is now at bullish zone but overbought.
Both KDJ and MACD are still below zero level. Bearish, monitor to wait for MACD Signal cross above zero line confirming BULLISH.
1H chart the Index had soared 440++pts; +2.27% for HK50 yesterday.
Pullback is inevitable today.
At point of observed KDJ it's in red bearish zone.
MACD is at bullish area fast line is touching signal line forming a dead cross within Bullish zone.
For day trade: Same strategy, sell at resistance; buy/TP at support.
Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator.
Set your tf, have your entry and exit plan!
Support : 19895 (next 19778; key support level 19545)
Resistance : 20300 (if breaks then 20350)
Sticktoyourplan follow your trading strategy.
Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it.
Let's follow our own strategy and zen with 📙 and 🍵 to let the results be realized.
It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating.
The markets is always gonna be there.
Reminder
For the East : to slowly accumulate Hong Kong and China stock/ETF/Index (undervaluation) and wait for 12-24months or more to have an exponential capital gain. Check the Month Chart you will notice, is almost there already....
For the West : AI applications, Digital assets for sure but not all in one basket. Diversified.
Time frame is important! Prepared for the rollercoaster short-term rider for these two markets.
Time is our friend!
Happy Trading Everyone! ☺
