Wait for price to enter the 77.80-78.00 zone and then once the up trend line is broken down, go short on the retrace.
Stop loss above last high created.
Target - 77.50.
Once the price reaches the target zone look for hidden bullish divergence and switch for a sell. Ideally we want to enter with the breakout of the down trend line that will form during the down move.
Stop loss above last high created.
Target - 77.50.
Once the price reaches the target zone look for hidden bullish divergence and switch for a sell. Ideally we want to enter with the breakout of the down trend line that will form during the down move.
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Related publications
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.