Price has tested ATH area. This is an area of resistance, and I fuly expect a reaction at these prices.
Due to RR, I will favour a move to the downside, but will be cautious with entry in order to not get caught out with a break out.
*Weekly chart used for illustration only NOT entries
Supporintg criteria:
RSI overbought
ADX approaching overbought levels
Due to RR, I will favour a move to the downside, but will be cautious with entry in order to not get caught out with a break out.
*Weekly chart used for illustration only NOT entries
Supporintg criteria:
RSI overbought
ADX approaching overbought levels
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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.
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.