Hi Traders!
The market was moving under the (dotted) trendline. Then it breaked out bullish
until it reached the 4-hour trendline resistance. Now we can see the weakness of price action
and low volatility.
We recommend to sell the pullback backwards to the recent trendline and sell with a risk-to-reward ratio of 1 to 4.5!
Thanks and good luck :)!
The market was moving under the (dotted) trendline. Then it breaked out bullish
until it reached the 4-hour trendline resistance. Now we can see the weakness of price action
and low volatility.
We recommend to sell the pullback backwards to the recent trendline and sell with a risk-to-reward ratio of 1 to 4.5!
Thanks and good luck :)!
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.