In this 1H chart, you have 2 gaps , one on top and one below; both awaiting to be filled up. The question is WHEN ? I also dunno, haha.
Next, you see the price action is stuck in a sideway move with buy and sell opportunities , if you know how to spot it and trade it. Congrats if you are good at it as you can earn both ways !
So, the million dollar question is - are we to buy or sell now ?
I say wait for the price to break up or break down before making a decision though I am more inclined to breaking up. Why ? Day and 4H chart illustrates that it has broken out of the bearish trend line and China PMI data released yesterday was positive.
Next, you see the price action is stuck in a sideway move with buy and sell opportunities , if you know how to spot it and trade it. Congrats if you are good at it as you can earn both ways !
So, the million dollar question is - are we to buy or sell now ?
I say wait for the price to break up or break down before making a decision though I am more inclined to breaking up. Why ? Day and 4H chart illustrates that it has broken out of the bearish trend line and China PMI data released yesterday was positive.
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Congrats to those who longed
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12819 appears to be a fairly strong support. We are adding more longs here .
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China needs to control the 3rd wave now that it has reopened the country. The sheer amount of people travelling domestically is a RISK by itself, never mind if they close the border. Watch tomorrow China's trade data.
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Isn't Mr Market patient with us ? From 06 Apr to 22 Apr, it hovers at the support level ,12819 before it continues to go up. So, we have a window period of 16 days, 3 weeks to decide to follow Mr Market and long. Did you ?
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