China A50 - Time for execution
#OPINIONLEADER# As we commented through our latest post
China A50 - Get The Full Picture
We have started to add long positon to our exposure today, while #CHINA-A50# was trading below 15K, at a "discounted price".
It will not necessarily bounce back straight away, so we prefer slow accumulation using a TWAP unti completion of the position (currently 80/100 completed), rather than a "price-based" positioning, as there is a risk to fill the liquidity gap we left after the sudden breakout at 13.5K toward 15K, in early July last year (2020). In this scenario, 13.5K is a possible extent of the current down trend.
Hope that helps, happy trading! #OPINIONLEADER#
Edited 28 Jul 2021, 02:42
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.