Trade Ideas

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Forex and Index CFD Trade Ideas & Chart Analysis (18 – 22 Feb 19)

By Hector in Trade Ideas on 17 February 2019

1.(FTSE China A50 USD1 CFD)

Big Picture – Slightly Bullish

Resistance : 11,955 Support : 11,302

One Good Trade Idea

The bias is slightly bullish as there is resistance overhead near 11,955. This is also seen in the pullback candle on Fri close. Until this resistance is cleared and holds above it, we may see a pullback to support zone between 11,302 and 11,413. Prefer to wait for a price action buy signal at this support zone.

2.(Indonesia Index USD1 CFD)

Big Picture – Bullish

Resistance : 7,380 Support : 6,900

One Good Trade Idea

Price is currently on a pullback after a tremendous good bullish run from Nov 18 till end Jan 19 of almost 1300 points! As long as price stay above support at 6,900, trend will still be bullish and we’ll enter on a price action long signal above the support level.

3.(US SP 500 Index USD5 CFD)

Big Picture – Slightly Bullish

Resistance : 2,813 Support : 2,680

One Good Trade Idea

US SP 500 chart is quite similar to the FTSE China A50 with a overhead resistance near 2,813. There is another 38 points to go before we meet resistance there. On a risk reward basics, it is not worth to enter at this level but wait for it to pull back to support at 2,680 and look for price action signal to enter long.


Big Picture – Bullish

Resistance : 16.18 Support : 15.18

One Good Trade Idea

Trend is bullish with resistance at prior high of 16.18. If this is broken, the next resistance is near 16.50. Meanwhile , we’ll look for buy opportunity to enter near support at 15.18 with some help from a weaker USD.

Happy Trading!
One Good Trade

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