Trade Ideas

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Forex and Index CFD Trade Ideas & Chart Analysis (11 – 15 Mar 19)

By Hector in Trade Ideas on 11 March 2019

1.(Aust200 Index A$5 CFD)

Big Picture – Bullish

Resistance : 6,234                          Support : 6,102

One Good Trade Idea

The trend remains bullish. It broke the resistance at 6,234 but the short doji candle at the top wasn’t able to hold back sellers and came back lower, resulting in a false breakout. Price may pullback from this resistance level. Wait for a price action long signal to enter near suppport at 6,102.

2.(Hong Kong Index HKD5 CFD)

Big Picture – Bullish

Resistance : 29,115                        Support : 27,829

One Good Trade Idea

HKI has a good run from a low of 24,843 on 03 Jan to the high of 29,233 last week with a bearish long tail bar. The resistance at 29,115 since 26 Jul 18 remains intact and price may pullback to the support zone between 28,034 and 27,829. Look for an opportunity to long with a price action signal at this support zone.

3.(Wall Street Index USD1 CFD)

Big Picture – Bullish

Resistance : 26,273                        Support : 24,871

One Good Trade Idea

The bias is still bullish although it is now undergoing a pullback after meeting strong overhead resistance near 26,273.Last Fri saw it tested the 50EMA support. Wait for a long entry near the support at 24,871 with a price action signal.


Big Picture – Neutral

Resistance : 0.7295                        Support : 0.6985

One Good Trade Idea

This pair is approaching support level near 0.6985 and we remain neutral as it is moving sideway. Prefer for it to pullback higher to nearer resistance below 0.7295 for a price action signal to go short.


Big PictureBearish

Resistance : 1.1419                        Support : 1.1215

One Good Trade Idea

The trend is bearish as it tested the support at 1.1215 last week. However, it managed to close above it on Fri and the weekly chart. Look to sell below resistance at 1.1419 with a price action signal.


Big Picture – Slightly Bullish

Resistance : 16.18                Support : 15.18

One Good Trade Idea

On 17 Feb 19, I wrote here that it remains bullish and if the resistance at 16.18 is broken it may test the next resistance at 16.50. It did attempt to break the resistance at 16.18 but was not able to hold above it. Subsequently, sellers came out strongly with a double top formation and a break of the neckline at 15.49. It broke the support at 15.18 last week but stayed above it on Fri. For next week, I would like to see a retest of this support before considering a long entry with a price action signal above it.

Happy Trading!
One Good Trade

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