I'm watching the price closely since my last update (linked below). The Bollinger Bands are narrowing and the price is moving below the Moving Average. We might see a short squeeze before visting our previous low located from 8020.00 to 8120.00. In this case, we can open a Short Position from 8400.00 (Red Box).
I will update this chart accordingly. Leave a thumbs up if you like this idea and Follow me for more updates!
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Trade active
Trade closed: target reached
Spot on!
Comment
The selling continues. I will update this idea soon
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