docbeekay

China A50 Short

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OANDA:CN50USD   China A50
The rally on Monday saw this Asian market reach the daily resistance @ 12000. I am seeing the Index pull back to previous support at 11600 then bounce back to current resistance @12000. As to whether price will break this resistance we will see with price action but its highly probable
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Price reached the 11600 support to close our bearish trade and triggered a buy. now waiting for price to hit target at 12000, hope you all enjoyed the downswing
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