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RELCAPITAL : waiting for 405 layer of key support for buy entry signal

After a large & strong upmove with clear higher-highs & higher-lows, we see price moving in choppy condition for now.We're waiting for price to arrive around  405 level of strong support where we see 20ema(learn : 20ema strategy),prior higher-low swing level & a weekly breakout key level coming altogether. 462 level is seen is upcoming strong resistance which could be used as a target area in case we get a buy entry signal from 405 level.

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SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.  

PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

rcap

November 5, 2015

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