As we can see on the chart the price is approaching a strong weekly resistance (the red horizontal line), the 55 stochastic is telling us the price need to retrace a bit before decide what direction it will take. Wait for the fake breakout of the resistance (13488,51) then entry short direction.
SL: 13598,59
TP: 12777,04
Feel free to post your analysis and opinion!
SL: 13598,59
TP: 12777,04
Feel free to post your analysis and opinion!
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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.