We are quite overbought (not extreme) and this provide the opportunity to sell. The short-term range should be within 116.50-118.50 and we can play the short for the strategy right now.
Strategy SELL current 118.25 and add on strength again @ 118.75 if seen. Keep leverage manageable always. You may place a stop-loss if wished for @ 119.25 for now.
The profit order to be placed somewhere @ 116.78 for now. It is a short-term trade, hence the profit order is not far away from the current price.
Strategy SELL current 118.25 and add on strength again @ 118.75 if seen. Keep leverage manageable always. You may place a stop-loss if wished for @ 119.25 for now.
The profit order to be placed somewhere @ 116.78 for now. It is a short-term trade, hence the profit order is not far away from the current price.
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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.