Following up on Best World from our previous post . Our targets were met and just as blogged profit taking came in and it was a heavy one. Hope no one got hurt during this process.
From the chart we can see that at 1.605 there was the up trend resistance which it failed to break up. And after that it started pulling back. What made it worse was that China had a crackdown on MLM which probably affected the sentiments for Best World. More can be read here.
You could also see the various lines we drew which best world smashed through. Would those warrant a short? Want to learn more about our trading strategies? How these simple strategies could help you have an edge over the markets. And fret not , you won’t even need to pay a single cent.
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