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nakedchartist
Oct 27, 2014 11:23 PM

Nikkei at f5 resistance / big channel retest Short

Description

Currently Nikkei is at resistance of a f5 and a level in which was previously retested in line chart.
It was also halted at the channel trendline.
A successful test at h1 will be meaningful but unfortunately I do not have access to h1 charts for futures.
However this can be translated to other JPY crosses and I also see similar distribution patterns on these crosses.
Comments
nakedchartist
Nope the resistance did not hold and now bulls have clearly broken the resistance level.
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