Short
Billiton (BHP) short
Week high price of just over 35000 is within Supply/Resistance/Sell zone made with 20 Jan high just over 35300
RSI on Daily & 240 min charts are oversold and correction is ensuing.
Sell entry @ 33200
Stop loss @ 34000
Profit target @30200
Risk = 800
Profit = 3000
Risk/Reward ratio = 3.75
RSI on Daily & 240 min charts are oversold and correction is ensuing.
Sell entry @ 33200
Stop loss @ 34000
Profit target @30200
Risk = 800
Profit = 3000
Risk/Reward ratio = 3.75
Note
Sell @ 34400Stop @ 35200
Target @ 30400
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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.