After making a higher high in Monthly time frame and rejection from weekly strong resistance, we expect that price start a downtrend.
in daily we see a triangle and a down trend channel . with combination of that , we can expect to start a short position.
Entry = 84.600
T/P = 83.600
S/L = 84.900
Risk to Reward Ratio = 3.33
in daily we see a triangle and a down trend channel . with combination of that , we can expect to start a short position.
Entry = 84.600
T/P = 83.600
S/L = 84.900
Risk to Reward Ratio = 3.33
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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.