Major Resistance ahead at around 34,000, with solid bearish momentum, the short setup is very clear, entry at classic 0.618 retracement, potential target 32,400
Chart is telling:
1. Major Resistance around 34,000
2. Solid bearish momentum
If the order get trigger, I'll set break-even for the order at range bottom around 33,400
Chart is telling:
1. Major Resistance around 34,000
2. Solid bearish momentum
If the order get trigger, I'll set break-even for the order at range bottom around 33,400
Order cancelled
Unfortunately the order didn't get triggered, cancel and wait for next setup.
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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.