CHN50 - 24h expiry - We look to Sell at 12495 (stop at 12595) Selling pressure from 12536 resulted in all the initial daily gains being overturned. A Doji style candle has been posted from the high. Our short term bias remains negative. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction...
China stimulus pack is on track... at least charts are saying it. Even more we might know the direction of trend always use risk analysis to build position. For moment charts are saying china is going to do something about its economy! follow the trend until it bends!
Looks like problems in china are still running badly, cutting rates and some economic issues are making chinese markets weak.. for moment its trend down
AU wages came in weak, The RBA hinted that they think they're done tightening in the minutes, The PBOC cut rates (again) and a slew of data from China once again misses the mark. And all in a 30-minute period! I think we’re fast approaching a phase where bets will be on for another round of stimulus. The China A50 is holding its ground above 12,600 and AUD/USD has...
According to the chart, the down strend is about to end. Potential target is 15727.
this is my anticipation from the weekly chart. price reached a major resistance level, i used the fib retracement 61.8 level for extra confluence.
CHN50 - 24h expiry - We look to Buy at 13030 (stop at 12910) There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 13518. A Doji style candle has been posted from the high. A lower correction is expected. Short term bias has turned positive. We therefore, prefer to fade into the dip with a tight...
Hi all, I posted in mid June that this one is very worth monitoring. Now, not only it broke the blue line, it also make higher high right after with real volume. So, it is still fine to follow or if it retrace, just go long. TraderApprentice PP QuanTechTrader PP
hello dear trader i am still in buy position ... we buy at bottom we must waiting for target filll good luck
Possible H&S pattern developing on bigger TF. Opportunity after neck breakout. Measured move - white line
The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside. If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June...
DJ News Wire: The country's top decision-making body signaled it would step up economic stimulus, including possible measures to aid the property sector. The memo released Monday by China's Politburo "essentially acknowledged the current property woes and opened the door further for a policy shift from stabilizing to at least modestly stimulating," Hopes for...
Like Hong Kong 50(See the Idea here bearish start to the week, with hawkish central banks and growth fears continue weighing on investor sentiment ahead of a busy week. The theme remained the same, with investor jitters over the economic outlook weighing on investor sentiment. There were no economic indicators from the region to change the mood. Market...
CHN50 - 24h expiry - We look to Buy at 12425 (stop at 12345) Bespoke support is located at 12420. 12400 continues to hold back the bears. Expect trading to remain mixed and volatile. The medium term bias is neutral. We look for a temporary move lower. Our profit targets will be 12625 and 12665 Resistance: 12570 / 12630 / 12670 Support: 12500 / 12480 /...
CHN50 - 24h expiry - We look to Sell at 12720 (stop at 12805) Buying pressure from 12375 resulted in prices rejecting the dip. The current move higher is expected to continue. Indecisive price action has resulted in sideways congestion on the intraday chart. Preferred trade is to sell into rallies. Previous resistance located at 12733. Our profit targets...
CHN50 - 24h expiry - We look to Buy at 12565 (stop at 12465) Posted a Double Bottom formation. Neckline support is 12565. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Further upside is expected although we prefer to set longs at our bespoke support levels at 12565,...
Hi all, This might be a good investment opportunity for any of us. Though we still need to wait, we better start monitor this. As long as it can break the medium downtrend line, we should get ready to enter long position. QuanTraderPP
CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490) We are trading at oversold extremes. Short term bias has turned positive. This is positive for sentiment and the uptrend has potential to return. We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098. Preferred trade is to buy on dips. Our profit targets will be 12770 and 12810...