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Short Term Trading Weekend Lounge: 15-17 Feb, page-56

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Kangagirl

20 Posts.

17/02/19

11:33

Post #: 37461853
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Originally posted by Bugsam: ↑

Yea, I think BID is looking to potentially to pullback to 1.50 here, the volumes on Tues/Wed/Thurs also suggest some distribution was going on.

A breakdown at 1.50 would be a concern for the short term bull, I see 1.30 as probably the area that needs to hold to keep the bull alive (if it doesn't, the chart may look something like a head and shoulders reversal). That said, if it holds above 1.50, could stay in the channel and carry on with the uptrend further.

Oh and sorry if it's a bit of a spiderweb .

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Thank you!
Much appreciated Bugs.

XAO Value at posting: 6,148.6
3 Upvote

0 Great analysis

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