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Short Movement Expected on FTSE China A50

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OANDA:CN50USD   China A50
4H CHART EXPLANATION:

The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350.

DAILY CHART:



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