Price has risen to test a very strong area of resistance.
On the Daily chart a breakout looks imminent, but I favour a move to the short-side
There is great RR, esp if price tags the 0.77406 highs
I will wait for a bearish daily close at these prices before looking to short
There is not much indicator-based support to this idea, hence my cautious approach.
On the Daily chart a breakout looks imminent, but I favour a move to the short-side
There is great RR, esp if price tags the 0.77406 highs
I will wait for a bearish daily close at these prices before looking to short
There is not much indicator-based support to this idea, hence my cautious approach.
Trade active
Trade closed manually
stopped out be. New limit order set at highs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.