Hang Seng Cashלונג
HK50 POTENTIAL LONG OPPORTUNITY
Hello Everyone!
How are you all?
HK50 is an instrument to watch this week, because it is shaping up very nicely for a bullish move that we can capitalize on.
So, I will be looking for a bullish reversal because of the following reasons:
1. The overall trend is bullish.
2. The price has formed a bullish reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price rejects at the VA and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
HK50 is an instrument to watch this week, because it is shaping up very nicely for a bullish move that we can capitalize on.
So, I will be looking for a bullish reversal because of the following reasons:
1. The overall trend is bullish.
2. The price has formed a bullish reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price rejects at the VA and makes a bullish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
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