This week update was a bit late because not much activity since the beginning of the week. The price is still in consolidation mode, ranging tightly in up trend. There is an opportunity to short, however the Risk Reward ratio is only around 1:1.3 which is not favorable. We wait until the price breaks the channel and we can enter with smaller risk.
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.