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Nov 23, 2020 10:58 AM

#POLY short signal on break of EMA200. Short

Description

Wave C of A-B-C formation is likely in development.
200EMA worked well as a support during the past 4 weeks.
Short #POLY if 1620 level doesn't hold on daily (and subsequently RSI upward trend is broken) with targets:
1490 (100% Fibo and a descending chanel low boundary) - most likely.
1207 (161.8% Fibo and a long time support trend line going through Oct'18, May'19 and Mar'20 lows).

Comment

Sell order 1600, TP 1490, SL 1650

Trade active

Move SL to 1600

Trade closed: stop reached

Stopped at 1600

Trade active

Re-enter Short 1600, TP 1490, SL 1650
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