Following up from previous blog post 3 weeks back>> http://singaporetradinginsights.blogspot.com/2018/09/china-sunsine-cautious-more-selling-if.html
We have seen some short covering near 1.00 and a rebound from this level..
From the system we actually had an exit on the bearish signal then it rebounded…
But then, a NEW BEARISH Signal came back again..
See what I mean on the system…
We have seen more selling from this signal and yes the 1.00 critical support broke down as well yesterday on market weakness…
Likely to see sellers gaining back control again especially if we stay below 1.00 now…
Downside can be to 0.90 then 0.84 as drawn or when we see another exit on the bearish signal..
Let’s see…
Want to know how we use a System to alert us and also guide us on entry and exit in Not just the upside but also the downside??
See where we are now below…
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