Good R/R for short position in XBI?Technically Speaking
Price is trading right up to the pivot level 68.
Where is the R/R?
The R/R favors the shorts at these levels, in my opinion. I would target the rising trendline noted on the chart. Stop above 73.
If long, you have three options, hold and hope for bigger gains,take profits, or use a trailing stop.
As always, trade your plan and execute.
