howard11594

HK50 - Trade with cautious

Long
PEPPERSTONE:HK50   Hong Kong 50 Index
Yesterday, Unfortunately, it did not drive up as much as I expected to be. The daily actually close right at resistance level of 17106. Overall, I am still bullish for the week, eyeing at least 17400 level.

Trade idea for today, the reason I mentioned to trade with cautious is because it closes right at resistance level. There is a possibility of a gap open to the down side before it drives back up. Thus, I will wait for at least the first hour candle to close above that level before entering the buy
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