The price is at resistance and it might break this. But a short is favorable here with a very limited loss possibility. The target of the short should be 29127.
Note
Stop loss already set at entry price to break even in case price goes upwards.Note
Closing the short here at 0.7% profit. The price seems to be holding good at 29500 level. The price did not manage to break the previous low of 29450 on the drop and bounced significantly from 29467 level.
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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.