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CryptodiBodhi
Oct 27, 2020 2:43 PM

Spanish Index Turning Bearish Short

Spain 35 CFDFOREX.com

Description

The Spanish Ibex 35 has turned Bearish, with a break below a key resistance point.

Shorting the index until first Target support-resistance at 6550. Trend is invalidated if it breaks the overhead resistance trendline at 6974.

Target: 6550
Exit if invalidated: 6979

Trade closed: target reached

Target moved down to 6429 due to early breakdown below 6550.

Target reached on 28/10.

Profit: $46,000 (300%)
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