Going long on HK50We are taking this position now because at 22760 because
1) H4 and D1 is uptrend
2) There is a M15 pattern
3) At strong support
4) M15 divergence
5) Previous day low
Target is the top 23500 which is about 700 pips away.
Hklong
HK50 Index Intraday Technical AnalysisHK50 cash index opened with a gap towards downside. The price is expected to take support at 19500. My idea is that the price will make a false breakout towards downside and then reverse the trend. My target is support of 19500 with the goal of resistance of 19800 for intraday.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
