MacDannie01

Potential Buy on China50 Index

Long
OANDA:CN50USD   China A50
What we saw was price breaking a short downtrend with a lot of aggression
After the break we came across a solid supply zone which we couldnt overcome because the bullish momentum on the zone was really high, so price rallied back down to our previous demand zone where it shot from

Price has been failing to break this zone, which can be an indication that theres a reasonable amount of bullish pressure being injected from this zone, and we can anticipate a move to the upside
Be cautious also of the fact that if the zone can break then we can anticipated strong bearish moment, so protect your account with a tight SL

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