Just riding its current bearish trend and mirroring my logic in XAUUSD, however must monitor this closely because it's ranging in weekly chart and high chances of getting whipsawed. Setting up sell stop order @16.3 with TP 16 and SL near current daily high around 16.4.
Daily:
Weekly:
Confidence: C (because of more volatility compared to XAUUSD)
Daily:
Weekly:
Confidence: C (because of more volatility compared to XAUUSD)
Trade closed: stop reached
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.
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.