Exhaustion on the monthly, March and April shows the bulls just dnt have it in them. We also have a thick cloud right above so the path of least resistance down.The weekly also just broke below its tenkan which adds to the confluence. The target zone is the monthly kijun zone aorund 10.
Entry: 12.89
TP: 10.03
SL: 14.06
R: 2.44
Risk Management critical!
Entry: 12.89
TP: 10.03
SL: 14.06
R: 2.44
Risk Management critical!
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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.