I'm going to a short position for 1:3 RRR
The reasons:
1. The downtrend started
2. Multiple rejections from the upper side
3. Fundamental analysis (CPI) is in favor of USD
4. One Hour Candle Is Below the 200 EMA
5. Multi-time frame confirmation
The reasons:
1. The downtrend started
2. Multiple rejections from the upper side
3. Fundamental analysis (CPI) is in favor of USD
4. One Hour Candle Is Below the 200 EMA
5. Multi-time frame confirmation
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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.