What a great short opportunity! Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. Globally uptrend and locally range
3. the levels confirmed by many false breakouts
4. approached with small bars
5. there is accumulation under the level
6. it is an all-time high
7. enough room for a move 1 to 5.1 risk/reward
8. no news for the last 10 days
9. no ascending lows
10. the price came from above
11. no report in the following 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! 👍
