We are on top of the monthly channel
Updated
Here after 2 days rally up, I guess the price action is giving nice short opportunity. I would consider Risk/Reward as 3:1 with 2% risk of total capital.
The given lines are weekly resistance and supports.
The given lines are weekly resistance and supports.
Trade closed: stop reached
Market wanted to reach the monthly high. Therefore our stop reached and the strategy should be analyzed for other positions.
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