We see a confluence of trend lines in a zone I have marked with red circle. This is where we want to see the price before going short – rally, sell. Look for divergence to form near this zone and attack when completed with bearish candlestick pattern.
Alternatively draw an uptrend line and once broken go with the break.
Stop loss – above last high created.
Target 1 – 99.50
Target 2 – 98.00
Alternatively draw an uptrend line and once broken go with the break.
Stop loss – above last high created.
Target 1 – 99.50
Target 2 – 98.00
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Related publications
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.