Called a short on the 4th of May on my Patreon page – Price is currently trading at $6.80

Holding similar sentiments as the previous week;

HongKong have just recorded its worst contraction in history (bigger than GFC and AFC).The following months will be very interesting with many big earnings report being released globally, this will create ripple market effects around the world. As rational investor takes references all around.

Technical Analysis:

Market rejected $0.680 – $0.710, with a nice pin bar pattern signalling a trend continuation pattern with a clear exhaustion of buyers in play.  The forward play on this market seems rather clear with trend momentum possibly breaking $0.560 – $0.530 level to test $3.90

Risk to reward ratio on this trade is set at 1 : 4.08

p.s you can support my work at https://www.patreon.com/financialveracity

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