Wednesday, March 12, 2014

********** CFD SELL trade on breakdown: Yanlord. Price: 1.105. (Nearing support again, can it hold ?)

Yanlord has traded and rebounded above the 1.085 support for more than a month already. Currently nearing this critical support, Short sell trade using CFD can be possible to ride the downside if support breaks down. Target to 1.05 then 1.00. From the chart, it can be seen to be trading in a downtrend channel since June last year forming lower lows on each temp rebound. That may happen again to find a new low below 1.08.
Buy Stop at 1.12

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