Hang Seng Index & China's stock connect scheme? 🤔

Hello, good day traders! 👋🤙

I'm currently in a buy📈 setup for $Hang Seng Index (800000.HK)$ , with both fundamental and technical indicators to back it up.

📰Fundamentally,

Hong Kong and mainland China to expand Stock Connect scheme

Securities regulators announce an agreement that will expand the list of companies that are eligible.

According to information released on Tuesday by mainland brokerage CICC, the change will increase the number of mainland stocks eligible for trading via the northbound link from the current 1,458 to approximately 2,516.

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🤔On the technical front,

1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud, indicating a bullish market. I am looking for a possible buy entry at 18414.09, where the pivot point and 23.6% Fibonacci line are located.

2.) My stop loss will be at 17288.24, slightly below where the 23.6% Fibonacci line is located.

3.) I am looking to take profit at 20696.83, which is where the 78.6% Fibonacci line is located.

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Trade Entry recommendations:

Buy Entry: 18414.09📈

Take Profit: 20696.83 💲

Stop Loss: 17288.24❌

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Other tickers to recommend:

For 5x Long Leverage: $HSI 5xLongSG230420 (CWAW.SG)$

For 5x Short Leverage: $HSI 7xShortSG230920 (CZBW.SG)$