The price is at the resistance area, and a down move continuation is highly possible, however, 4 hrs closer will give us a better understanding of a future price movement, for now - looking to enter short with a stop loos above 87.520, breakout confirmation at 86.70 level and a potential target at 83.95.
Please refer to a chart for a better understanding.
Please refer to a chart for a better understanding.
Note
Video Link to this Idea: youtube.com/watch?v=Dr7zO92BCnc&feature=youtu.be
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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.