As prices go up, we're looking to go short. Here are some price levels to watch.
What do we see?
Price is coming up. Just above the previous high there are some resistance levels we identify using Ichimoku indicator. We were actually surprised price did not reach those levels on the previous high.
How can we trade those levels?
Watch for signs of a rejection and/or reversal. Taking out liquidity above the previous high(s).
Remember: this is just an idea, NOT financial advice. Do NOT take this trade, as it may run into a loss. Only take trades that fit YOUR plan and/or risk tolerance. If you do like this idea consider giving us a boost. Happy trading!
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