The area 9500 - 9600 is now a strong resistance, this is a fairly bold setup, please consult and decide.
* This strong resistance level has been tested many times and cannot be overcome.
* 1 sell order at this time is risky but for reward worthy.
* The entry area is a horizontal bar showing resistance.
* SL is the red area
* TP is the green area as shown.
This setup is simple, but it gives a high probability, so risk should be considered, if not sure, stand outside to protect your money which is also a good strategy.
Good luck.
* This strong resistance level has been tested many times and cannot be overcome.
* 1 sell order at this time is risky but for reward worthy.
* The entry area is a horizontal bar showing resistance.
* SL is the red area
* TP is the green area as shown.
This setup is simple, but it gives a high probability, so risk should be considered, if not sure, stand outside to protect your money which is also a good strategy.
Good luck.
Trade closed: target reached
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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.
Related publications
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.