Chart Source : Poemsview 6th July 2018
China Sunsine shining brightly for shortist as it continue its slide down to our target of $1.36 and a little bonus as it dipped one more cent to $1.35.
We are now currently looking at more possible downside of to $1.25 if the support at $1.35 doesn’t hold. Protective stops should be in place in order to protect profits.
A good 10% downside has been achieved since our blog post on China Sunsine so its good to have protective stops.
The currently market is indeed tough and volatile. Always remember to have a trade plan and learning how to SHORT is vital in today’s market.
The ability to go long and short is crucial to surviving in this market.
Stay tune to this blog as we reveal more details for our 18th July CFD workshop.
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“I always define my risk, and I don’t have to worry about it.” – Tony Saliba