Price reverses from the resistance level 19600 with confirmation from RSI indicator. Bearish divergence gives a signal for opening short trades. Entry level is below 19185 with stop above the resistance level. Profit targets are Moving Averages with 50 and 100 periods. MACD confirms down movement and DMI allows open short trades.
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💎 Share My BEST Trades here 👉 bit.ly/wubits
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💎 Share My BEST Trades here 👉 bit.ly/wubits
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.