another possible short-term bottom. China October retail sales were.6, missing forecasts.2. Every 1,000 became 6,937.50. Well, this is the furthest thing from dollar pound exchange rates today reality. .
Late October support at 7,100-7,050 held with a close 7,000 likely leading to additional selling pressure. DecisionBar allows YOU to trade with the natural rhythm of the markets. Whenever the price of a security breaks a support or resistance line (called a Breakdown or Breakout) - fails to break a support or resistance line (called a Failure) - or appears to have run its course (called an Exhaustion) - you can make. It is just as effective on daily and weekly charts as it is on intraday charts.
You receive accurate buy and sell signals in real time - they are never removed. You only enter or exit a trade if you feel 100 comfortable with your decision. In general, the larger the buy threshold the more profit per trade you generate. Prior resistance at 7,300-7,350 held with more important hurdles at 7,500-7,550 and the 200-day moving average. Remember, this is a study of a potential market edge that could be exploited with a complete trading system. Basic cycle analysis is a great way to begin learning how to analyze stock's and other markets.
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