ChenQianYu

ChenQianYu

PEPPERSTONE:HK50 Happy New Year everyone! 1h Chart From the chart we can see the 1h MACD forming Golden Cross on last 31/12/2024 0900; it was pumped to have a nice closure for 2024 and went for a heavy party. This morning, as we can see the hangover hits quite severely! The index plunged more than 500bps this morning. The MACD indicator now is forming...

ChenQianYu

FX:HKG33 Hello everyone, from the D chart, the index seems dancing within the dancefloor. From 1h chart today trade plan : same old same old strategy sell into resistance and buy at support. From the shorter tf we can notice probably end of the week and index seems giving meal treat. 🥩 🦃. For the first hours from the MACD signal and KDJ it seems bullish....

ChenQianYu

FX:HKG33 Hello everyone! Do you see what I see? Haiya! not sure if the overnight fed news probably injected more booze; the Index seems continues to hangover and not gonna sober anytime soon. 4h chart Price movement - Bearish MACD Signal indicator : Bearish D chart no sign for bullish, the reversal seems not happening that soon. To gain some pocket money,...

ChenQianYu Updated 

FX:HKG33 Hello everyone! The index seems got some booster? D chart shown that the MACD Signal lines are both are closing the gap and touching the zero line. Price : 19700 - 19730 is the support level We do not know if this is gonna be bullish or bearish. How to cross-check and confirmed? Let's deep dive into smaller tf:- 4h chart On 9Dec2024 we can see...

ChenQianYu

Resistance level : 20070-20090 Support Level : 19670 - 19568 If breakdown thru 19303 the next bus stop will be 19080 i.e 🆘 level as you can see from 1h chart. Tradeplan : buy into support and sell at resistance, set your SL/TP. From today macro overview, most of the traders likely to short the index. To trade for 100-150pips profits for tomorrow and within this...

ChenQianYu Updated 

FX:HKG33 hello everyone TGIF! Trade plan for today before end of the week. It continues to dance btw range as shown in chart : 19800 - 20500 (1h Chart) To trade using smaller range tf. For the week it's still a small gain. Shorted earlier hoping to take some profit for 🎄 weekend meals. ☺ Again to set your SL/TP level. 4H Chart The 4h chart showing the...

ChenQianYu Updated 

FX:HKG33 Can you see what I see? It is recovering from the party trying to keep its energy at 20300 level. Today trade plan - Long! Again put your SL. Happy Trading everyone! While waiting to harvest the profit, continue to zen with 📙 and 🍵. ☺

ChenQianYu

FX:HKG33 Is the Index rebound strong? Based on the 1h chart, you know the answer. What is the range to look out for? 10EMA crossing down 52EMA on 1h chart. Not good. MACD signal break through zero line level indicate bearish mode. Histogram bearish color in deep red like the index. Required "blood/live" to boost. From the Money Flow Profile :...

ChenQianYu Updated 

FX:HKG33 Hi everyone, did you managed to ride on yesterday the fireworks and joined the party? If you are following the movement of HSI then probably you are in the game and able to catch the short term fireworks Bull :) Yesterday the Index seems being injected with stimulant - based on HKG33 (surged 1,013.46; +5.13%) Let's look together at the D,4h & 1h...

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ChenQianYu

FX:HKG33 From previous post - D chart shown that the MACD SIgnal lines are both downtrend and breakthrough the zero line. Forming a short term bearish mode. The Index corrected down to 18956 (last week low). As you can see from the snapshot from W chart that week of 11Nov, week of 18Nov: -246.64 (-1.27%) week of 25Nov: +395.16 (+2.06%) This week - 2 Dec...

ChenQianYu

FX:HKG33 As you can see from 1D chart - the MACD & Signal line both are on downtrends. Be cautious if the MACD fast line break below the zero line. From W chart, you can see the MACD & Signal lines are both staying zero line i.e bullish mode but on a weaker momentum ( the KDJ is on bearish zone and the MACD histogram with ligher green)....

ChenQianYu

FX:HKG33 Summary of the week for the index. 1h chart form a golden cross below zero line and happen that 4h chart had formed the same golden cross even though both are below zero line. I took a aggressive & several long position. TP at 20735 level at time was looking at the index trying to close the week gap. I did keep some...

ChenQianYu

FX:HKG33 Hi ya everyone here's to a week filled with optimistic, progress and hapiness - may the market treat us well! As you can see from previous post ; last week 1h chart that the MACD & KDJ movement that gave us some insights testing the support level. It has climbing up steadily. quite handsome! It didnt breakdown to 19753 level and staying...

ChenQianYu

FX:HKG33 Testing at strong support level at ¬20240 if it breached, the index is going to test 19753. Hi ya! How is everyone looking at Hang Seng Index and its performance last week? From the 1h chart with MACD movement, seems the mometum is weakening, both index and indicator are in bearish crossover. As mentioned in previous post, we prefer to see the...

00:28

ChenQianYu

FX:HKG33 Look at 1H chart movement together with the MACD & KDJ indicator, the histogram for MACD line & signal line is getting weaker (you can see both indicators curve seems lower than the previous wave). We should monitor. marked the time zone where the index turned bearish for the 1H chart. There was no re-entry position as trading in Asia...

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ChenQianYu Updated 

Sharing my trading idea and experience for FX:HKG33 From previous post, the 1H chart has been bullish. I have taken the profit and thereafter trying to find re-entry position. However, without checking the shorter time frame 30m, 15m it turns bearish for the shorter time frame. Re-entered at 22500. As you can see from the chart. It's is a...

ChenQianYu Updated 

FX:HKG33 Entered too early before the pullback. Has to hold over the trading closed day. Was intended to SL the positions if the downtrend continue. However, the market reopen with strong bullish volume. The short time frame (tf) turned uptrend and the index gap-up. However, the MACD + KDJ showing uptrend for 1H chart. Hence, decided to continued...