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Kaza- Long or short?

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13 years 1 month ago #2767 by remo
Replied by remo on topic KAZ Inverse H&S bottom
This one has barely broken above the main down trend yesterday.So possible trend change??
if your already long then stops would have to be below 770.
The best level for a long entry would be the test of the breakout point at 796 with stops below 770



dyor

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13 years 2 months ago #2547 by jonamacg83
Replied by jonamacg83 on topic KAZ Inverse H&S bottom
I think there is a H&S bottom forming on the KAZ daily, the low of the head is at circa 580, currently pushing up against the neckline (and resistance) at 780. Target would be 980 if it breaks through.
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13 years 2 months ago #2546 by deadcatb0unce
Replied by deadcatb0unce on topic Kaza- Long or short?
well the Mining sector broke out yesterday if that's any indication...

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13 years 2 months ago #2536 by ftse80
Kaza- Long or short? was created by ftse80
What do you guys think?

For me reason for long is
- it just broke out of resistance
- something that looks like ascending triangle with possible target 970

Reason for short for at least 100 pips
-Long term down trendline
38.2% fibb


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