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0.88% 7,959.3 s&p/asx 200

Milk Chocolate Thursday, page-23

  1. rvm
    992 Posts.
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    29/07/16
    09:25
    Post #: 18395350
    You're right about charts. 5560 is support and 5580 is channel resistance.

    My system uses price velocity. Hence, you have 5580 - 5620(stop hunt). If RBA cuts rates and BOJ doesn't disappoint, I'd have to reevaluate and price could move even higher. Support and resistance won't mean anything when central banks are driving momentum.
    Last edited by rvm: 29/07/16
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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