Thoughts on HSBC?
Hey everyone! I have a setup for you guys to look at $HSBC HOLDINGS(00005.HK$
On the H4, with prices bouncing off the stochastic support, we have a bullish bias that prices will rise from our buy entry at 48.2 where the pullback support is to the take profit at 52.95 in line with swing high resistance. Alternatively, price could break entry structure and drop to stop loss at 46.55 where the swing low support, -27.2% fibonacci expansion and 127.2% fibonacci extension are.
Entry:48.2![]()
Take Profit:52.95![]()
Stop Loss: 46.55![]()
$HSBC 5xLongSG230920(DHSW.SG$
$HSBC 5xShortSG241213(DTIW.SG$
On the H4, with prices bouncing off the stochastic support, we have a bullish bias that prices will rise from our buy entry at 48.2 where the pullback support is to the take profit at 52.95 in line with swing high resistance. Alternatively, price could break entry structure and drop to stop loss at 46.55 where the swing low support, -27.2% fibonacci expansion and 127.2% fibonacci extension are.
Entry:48.2
Take Profit:52.95
Stop Loss: 46.55
$HSBC 5xLongSG230920(DHSW.SG$
$HSBC 5xShortSG241213(DTIW.SG$
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