- Price could break black trendline
- Look for re-test of trendlines (black & blue)
- Observe price action at 70.30
- Immediate entry can be placed at 70.30 or wait on bearish candle stick formation for entry
- NB: Small risk high reward trade
- Look for re-test of trendlines (black & blue)
- Observe price action at 70.30
- Immediate entry can be placed at 70.30 or wait on bearish candle stick formation for entry
- NB: Small risk high reward trade
Note
Risk can be adjusted slightly higherNote
Based on price action
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.
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.