Hey everyone, I have another trade setup here today $TENCENT(00700.HK)$
On the H4, with prices moving along the descending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop to sell entry at 330.6 in line with swing low support and 161.8% fibonacci extension. Once there is downside confirmation of price breaking sell entry, we would have a bearish bias that price will drop to take profit at 296.0 in line with swing low support and 100%...

Hey guys! I have brought another setup today $TENCENT(00700.HK)$
On the H4, with prices expected to bounce off the stochastic support, I would expect prices to rise from buy entry at 362.0 where the pullback support and 100% fibonacci projection are to the take profit at 403.5 in line with swing high resistance and 61.8% fibonacci retracement. Alternatively, price could break entry and drop to stop loss at 325.0 where the swing low support is.
Entry: 362.0
Take Profit: 40...