Thoughts on HSBC?

Hey guys!! I have brought today's setup $HSBC HOLDINGS(00005.HK)$

On the H4, with prices bouncing off the ichimoku support, we have a bullish bias that price will rise to our buy entry at 52.80 where the swing high resistance and 78.6% fibonacci retracement are. Once there is upside confirmation, I would expect bullish momentum to carry price to intermediate resistance at 55.15 where swing high resistance, 100% fibonacci projection and 161.8% fibonacci extension are. Should price breaks intermediate resistance, I would have a bullish bias that price will rise to take profit at 59.60 where swing high resistance and 161.8% fibonacci extension are. Alternatively, price could drop to intermediate support at 48.25 in line with swing low support and 100% fibonacci projection. Should price break past intermediate support, price would have a bearish bias to drop to stop loss at 46.50 in line with swing low support and 78.6% fibonacci retracement.

Entry: 52.80
Intermediate resistance: 55.15
Take Profit: 59.60
Intermediate Support: 48.25
Stop Loss: 46.50

$HSBC 5xLongSG230920(DHSW.SG)$
$HSBC 5xShortSG241213(DTIW.SG)$