Daily Trade Commentary, Monday, 18 Jan 2016 (Trade 2)

Trade

Screen Shot 2016-01-18 at 10.36.33 AM.png

Aust: 

1hr MA: below
4hr MA: above
Trend: turning down
China:
1hr MA: below
4hr MA: above
Trend: up

 HSI Overview:
1hr MA: below
4hr MA: below
Trend: down
HV30: yes
HV60: yes
RVI: yes

Trade: 
Entry: Short (SP)  at 0.146
Target: 0.151
Stop: 0.144
Result and Conclusion:
 Screen Shot 2016-01-18 at 11.04.00 AM.png

profit out at loss, this is a countertrend trade. HSI China showed support. Countertrend trade has low probability.

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